Nightingale Informatix Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2014. Revenue was CAD 4.0 million, down 24% compared to CAD 5.2 million in fourth quarter of 2013. The variance from 2013 primarily reflects a decrease in software license revenues from enterprise contracts as well as a decrease in professional services revenues. Adjusted EBITDA was CAD 0.4 million, 10% of revenue, down from CAD 1.0 million or 20%. Net loss was CAD 0.6 million compared to net income of CAD 0.9 million a year ago. Cash provided by operations was CAD 1.5 million compared to cash used by operations of CAD 0.7 million a year ago. Operating loss was CAD 57,000 against CAD 48,000 a year ago. Basic and diluted loss per share was CAD 0.01 against income per share of CAD 0.01 a year ago.

Revenue was CAD 15.3 million, down 27% compared to CAD 20.9 million from 2013, primarily reflecting a decrease in software license revenues from enterprise contracts. Adjusted EBITDA was CAD 0.9 million, or 6% of revenue, down from CAD 3.7 million, or 18% of revenue for 2013. Net loss was CAD 3.0 million compared to net income of CAD 2.0 million for 2013. Cash provided by operations was CAD 0.9 million compared to cash used in operations of CAD 1.7 million in 2013. Operating loss was CAD 726,262 against operating income of CAD 1,292,730 a year ago. Basic and diluted loss per share was CAD 0.04 against income of CAD 0.02 a year ago. Loss before tax was CAD 2,893,851 compared to CAD 778,161 a year ago.