Liquid Holdings Group, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $1,485,007 against $732,388 a year ago. Loss from operations was $7,923,495 against $10,460,611 a year ago. Loss before income taxes was $8,068,015 against $10,939,261 a year ago. Net loss was $8,068,015 or $0.13 basic and diluted per share against $12,249,164 or $0.52 basic and diluted per share a year ago. Adjusted net loss was $5,283,513 or $0.09 basic and diluted per share against $4,294,712 or $0.18 basic and diluted per share a year ago. The net loss was due primarily to compensation expense of $3.4 million (including $1.1 million of share-based compensation), depreciation and amortization of $1.8 million, and computer-related and software development expense of $1.4 million. Cash used in operating activities totaled $5.7 million compared to $2.7 million in the third quarter of 2013.

For the nine months, the company reported revenues of $4,308,876 against $3,888,806 a year ago. Loss from operations was $22,370,795 against $37,386,681 a year ago. Loss before income taxes was $22,515,074 against $37,899,971 a year ago. Net loss was $22,515,074 or $0.53 basic and diluted per share against $39,025,668 or $1.82 basic and diluted per share a year ago. Net cash used in operating activities was $17,347,973 against $9,404,081 a year ago. Adjusted net loss was $14,572,671 or $0.34 basic and diluted per share against $10,477,348 or $0.49 basic and diluted per share a year ago.