ARI Network Services reports fiscal 2014 net loss

Milwaukee-based ARI Network Services Inc. reported a fourth quarter net income $174,000, or 1 cent per share, compared with net loss of $298,000, or 2 cents lost per share, in the fourth quarter of 2013.

Net revenue at the sales software and marketing provider was $8.6 million, up from $8.5 million in the same period a year ago.

For the full year, the company reported a net loss of $102,000, or 1 cent lost per share, compared with a net loss of $753,000, or 8 cents lost per share, in 2013.

ARI’s 2014 net revenue was $33 million, compared with revenue of $30.1 million in 2013.

“Fiscal 2014 was a year of growth and accomplishments for ARI,” said Roy Olivier, president and chief executive officer of ARI. “We recorded the highest revenue in company history and were able to grow EBITDA 10 percent versus the prior year. In the early part of our fiscal year, we acquired DUO Web Solutions and through that were able to re-launch our Digital Marketing Services offering, which we expect to be one of our key drivers of organic growth in fiscal 2015. In December of 2013, we successfully re-listed on the Nasdaq Capital Market and recently were added to the Russell Microcap Index.

“Throughout the year, we were also able to enhance our product offerings and expand our customer base in our primary growth verticals of automotive tire and wheel and home medical equipment, which we entered during fiscal 2013.”

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