Actual Experience plc announced preliminary audited consolidated earnings results for the year ended September 30, 2016. For the year, the company reported revenue of £716,346 against £700,449 a year ago. 60% of revenue was derived from sales to channel customers with the balance arising from direct sales. This increased percentage reflects the Group's strategic focus on generating revenue growth from its channel partners. Operating loss was £6,044,765 against £2,424,413 a year ago. Loss before tax was £5,982,819 against £2,411,436 a year ago. Loss for the period was £5,671,072 or 15.21 pence per basic and diluted share against £2,225,455 or 7.12 pence per basic and diluted share a year ago. These losses are primarily generated by employee costs and related expenses. Earnings per share have been impacted by the increases in operating costs. Net cash flows used in operating activities was £5,210,287 against £1,973,356 a year ago. Purchase of property, plant and equipment was £286,180 against £42,006 a year ago. Development of intangible assets was £494,784 against £321,345 a year ago.