EXO U Inc. reported earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported no revenue compared to revenues of $503,189 one year earlier. Adjusted negative EBITDA was $1,868,446 compared to negative $1,135,747 in the same period last year, an increase of $732,699.

These increases in the adjusted negative EBITDA are due to higher spending in R&D.