Defenx Plc reported preliminary unaudited consolidated earnings results for the year ended of December 31, 2016. For the period, the company reported revenue of GBP 7,088,162 compared to GBP 4,489,557 a year ago. Operating profit was GBP 1,651,701 compared to GBP 365,007 a year ago. Profit before tax was GBP 1,589,852 compared to GBP 362,257 a year ago. Profit attributable to equity holders of the parent was GBP 1,232,656 compared to GBP 191,918 a year ago. Diluted earnings per share was GBP 0.169 compared to GBP 0.039 a year ago. Net cash flow from operating activities was GBP 2,322,277 compared to net cash used in operating activities of GBP 1,021,478 a year ago. Purchase of property, plant and equipment was GBP 22,482. Acquisition of intangible software assets was GBP 900,000. Free cash flow was GBP 1.67 million compared to GBP 2.37 million a year ago.

The company expects the effective rate of tax to increase above 20% during 2017. The company expects gross margin to continue in 2017 as Cloud backup sales grow.