Revenue during the quarter grew 5.87 percent to $6.31 million from $5.96 million in the previous year period. Gross margin for the quarter expanded 213 basis points over the previous year period to 89.18 percent. Operating margin for the quarter stood at negative 3.56 percent as compared to a negative 1.44 percent for the previous year period.

Operating loss for the quarter was $0.22 million, compared with an operating loss of $0.09 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $0.60 million compared with $0.51 million in the prior year period. At the same time, adjusted EBITDA margin improved 93 basis points in the quarter to 9.54 percent from 8.60 percent in the last year period.

The company has spent $2.04 million cash to meet investing activities during the year as against cash outgo of $1.04 million in the last year. It has incurred net capital expenditure of $2.50 million on net basis during the year, up 13.62 percent or $0.30 million from year ago.

Cash flow from financing activities was $0.04 million for the year as against cash outgo of $0.81 million in the last year period.

Cash and cash equivalents stood at $2.31 million as on Dec. 31, 2016, up 55.50 percent or $0.82 million from $1.48 million on Dec. 31, 2015.