Prime Acquisition Corp. announced audited earnings results for the year ended December 31, 2016. For the year, total Revenue was $3,122,765 against $3,036,198 a year ago. Loss before tax was $730,686 against $7,585,983 a year ago. Loss from continuing operations was $565,144 against $7,256,549 a year ago. Net loss was $565,144 against $7,561,686 a year ago. The increase in revenue was attributable to the previously announced legal settlement with an unrelated third party, pursuant to which Prime received €200,000 (approximately $221,440). Cash generated from operations was $1.3 million for the year ended December 31, 2016, compared to $486,263 for the year ended December 31, 2015. The company reported operating profit of $724,931 for the year ended December 31, 2016, which compares to an operating loss of $221,109 for the year ended December 31, 2015.