Frankly Inc. announced unaudited financial results for the quarter and year ended December 31, 2017. For the quarter, the company reported revenue of USD 6.3 million against USD 6.1 million for the same period a year ago. The year over year increase was primarily due to increases in license fees for the launch of native mobile and OTT applications. Net loss was USD 10.2 million against USD 6.3 million for the same period a year ago. Adjusted EBITDA loss was USD 207,000 against adjusted EBITDA of USD 104,000 for the same period a year ago. For the year, the company reported revenue of USD 25.7 million against USD 22.8 million for the same period a year ago. The increase in revenue was primarily due to contractual changes to the company's advertising program requiring it to recognize gross revenues beyond commissions, as well as increases in usage and professional services fees. Net loss was USD 17,193,639 against USD 10,710,942 for the same period a year ago. Adjusted EBITDA loss was USD 339,395 against adjusted EBITDA of USD 334,531 for the same period a year ago.