Liquid Holdings Group, Inc. reported unaudited consolidated restated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported restated revenues of $213,742 against $732,388 a year ago. Restated loss from operations was $9,174,109 against $10,460,611 a year ago. Restated loss before income taxes was $9,318,629 against $10,939,261 a year ago. Restated net loss was $9,318,629 or $0.16 per basic and diluted share against $12,249,164 or $0.52 per basic and diluted share a year ago.

For the nine months, restated revenues were $3,037,611 against $3,888,806 a year ago. Restated loss from operations was $23,621,409 against $37,386,681 a year ago. Restated loss before income taxes was $23,765,688 against $37,899,971 a year ago. Restated net loss was $23,765,688 or $0.56 per basic and diluted share against $39,025,668 or $1.82 basic and diluted per share a year ago.

The company reported unaudited consolidated earnings results for the year ended December 31, 2014 and for the first quarter ended March 31, 2015. For the year, the company reported revenues of $3,811,952 against $4,798,297 a year ago. Loss from operations was $53,920,982 against $46,665,994 a year ago. Loss before income taxes was $54,570,582 against $47,309,307 a year ago. Net loss was $54,570,582 or $1.16 per basic and diluted share against $46,612,047 or $2.10 per basic and diluted share a year ago. Net cash used in operating activities was $23,255,240 against $13,916,751 last year. Purchase of property and equipment was $1,151,481 against $738,633 last year. The net cash used resulted from net loss and a negative net change in operating assets and liabilities of $1.1 million offset, in part, by non-cash charges of $32.4 million. The net loss was the result of significant expenses the company continued to incur as a startup business and in now being a public company. Net cash used in investing activities was $1,151,481 during the year ended December 31, 2014 and was due to the purchase of property and equipment as well as capitalized software costs.

For the first quarter, the company reported software services revenues of $93,659 against $1,282,332 a year ago. Loss from operations was $6,752,614 against $8,168,910 a year ago. Loss before income taxes was $6,752,614 against $8,164,609 a year ago. Net loss was $6,752,614 or $0.11 per basic and diluted share against $8,164,609 or $0.33 per basic and diluted share a year ago. Net cash used in operating activities was $6,018,191 against $5,826,651 last year. Purchase of property and equipment was $86,574 against $292,562 last year.