Pernix Group Inc. announced audited consolidated earnings results for the year ended December 31, 2014. The company generated consolidated revenue during 2014 of $85.3 million, as compared to $73.8 million in 2013. Net loss attributable to Pernix common shareholders was $1.8 million and $4.7 million in 2014 and 2013, respectively.

The decrease in net loss most significantly relates to the $4.9 million deferred income tax expense related to management's third quarter 2013 decision to record an increase in the valuation allowance on deferred tax assets.