ABIL Revenues > "Revenues for the three months ended December 31, 2017 were $1.9 million, compared to $2.5 million for the three months ended December 31, 2016. The revenues for the three months ended December 31, 2017 related primarily to sales to an Israeli integrator that have been sold to end users in Asia and to a reseller in Asia. The revenues for the three months ended December 31, 2016 related primarily to sales to a Latin American reseller.
Cost of revenues for the three months ended December 31, 2017 were $1.2 million, consistent with $1.2 million for the three months ended December 31, 2016.
Operating income for the three months ended December 31, 2017 was $25,000, compared to an operating loss of $(3.7) million for the three months ended December 31, 2016. The increase was due to lower selling and marketing expenses, primarily due to a discretionary bonus to one of the Company’s sales executives that was recorded during the three months ended December 31, 2016 and lower general and administrative expenses which related primarily to a $2.0 million refund in connection with agreement discharge agreement entered into with the Company’s insurer, that was received in February 2018, partially offset by lower revenues (see “Item 8A. Financial Information — Consolidated Statements and Other Financial Information — Legal Proceedings” in the 2017 Annual Report).
Net income for the three months ended December 31, 2017 was $34,000, or $0.01 per basic and diluted share, compared to net loss of $(3.8) million, or $(1.56) per basic and diluted share, for the three months ended December 31, 2016. EBITDA for the three months ended December 31, 2017 was $148,000, compared to a negative EBITDA of $(3.3) million for the three months ended December 31, 2016. Please refer to the financial tables below for a reconciliation of GAAP to Non-GAAP results."
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