Posera Ltd. announced its financial results for the three and six months ended and June 30, 2018. During the three months ended June 30, 2018, the company reported total revenues of $2.4 million compared to total revenues of $2.7 million in the prior quarter. Normalized EBITDA improved by 6% between the consecutive quarters, to a loss of $0.5 million, as result of lower costs of inventory and lower operating expenses. Normalized EBITDA loss for the three months ended June 30, 2018 was a loss of $512,181, compared to a positive normalized EBITDA of $102,832 for the three months ended June 30, 2017. Net loss for the three months ended June 30, 2018 was a loss of $902,438, a 2.4% improvement compared to $924,709 for the three months ended June 30, 2017. Year-to-date, for the six months ended June 30, 2018, total revenues increased 0.1% to $5.1 million when compared to the six months ended June 30, 2017. The company reported growth of 6.9% in its recurring revenues for the first six months of fiscal 2018, to over $1.4 million, compared to the first six months of fiscal 2017. Normalized EBITDA loss for the six months ended June 30, 2018 was a loss of $1,059,358, compared to a normalized EBITDA loss of $754,888 for the six months ended June 30, 2017.