Canada-based Ergoresearch Ltd, a designer and manufacturer of technologies for the orthopedic industry, releases its financial results for the second quarter of fiscal 2016, which ended December 31, 2015.

Results totaled $3,968,890, decreasing by 3.1% compared to revenues of $4,095,112 for the quarter that ended December 31, 2014. Cash flow from operating activities amounted to $904,174 for the second quarter ended on December 31, 2015, compared to $275,917 for the same period last year, explains a media release from the company.

Net profit after tax reached $376 for the second quarter of 2016 compared to $1,653 for the same period last year. EBITDA reached $301,860 compared to $306,030 for the same period last year. Meanwhile, adjusted EBITDA of the Company amounted to $340,346 for the second quarter of 2016 compared to $306,030 for same quarter last year, the release continues.

All dollar amounts are in Canadian currency, per the release.

For more information, visit Ergoresearch Ltd.

[Source(s): Ergoresearch Ltd, PR Newswire]