Lingo Media Reports Second Quarter 2017 Results - Seite 2

Financial Highlights for the Second Quarter Ended June 30, 2017

Second Quarter Ended June 30th	2017		2016
Revenue	$	1,068,915	$	1,549,397
Operating expenses		432,156		495,282
Income before amortization, share-based payments, depreciation, finance charges and taxes		636,759		1,054,115
Amortization, share-based payments, and depreciation		339,543		249,733
Finance charges, taxes, foreign exchange		254,094		173,199
Total expenses		1,025,793		918,214
Net profit		43,122		631,183
Total comprehensive income		42,390		624,319
Earnings per share	$	0.00	$	0.02

• Income before amortization, share-based payments, depreciation, finance charges and taxes for Q2 2017 was $636,759
• Revenue for Q2 2017 totalled $1,068,915 as compared to $1,549,397 in 2016, is a result of delays in contracts signings
• Operating expenses for Q2 2017 totalled $432,156 compared to $495,282 in 2016, reflecting a reduction in direct costs
• Net profit for Q2 2017 was $43,122

Financial Highlights for the Six-Month Period Ended June 30, 2017