Liquid Holdings Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
December 01, 2015 at 05:09 pm EST
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Liquid Holdings Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's software services revenues were USD 86,316 compared to USD 1,541,537 a year ago. Loss from operations was USD 6,607,717 compared to USD 6,278,390 a year ago. Loss before income taxes was USD 6,607,717 compared to USD 6,282,450 a year ago. Net loss was USD 6,607,717 or USD 0.11 per basic and diluted share compared to USD 6,282,450 or USD 0.15 per basic and diluted share a year ago.
For the six months, the company's software services revenues were USD 182,675 compared to USD 2,823,869 a year ago. Loss from operations was USD 13,360,331 compared to USD 14,447,300 a year ago. Loss before income taxes was USD 13,360,331 compared to USD 14,447,059 a year ago. Net loss was USD 13,360,331 or USD 0.22 per basic and diluted share compared to USD 14,447,059 or USD 0.43 per basic and diluted share a year ago. Net cash used in operating activities was USD 11,301,101 compared to USD 11,575,628 a year ago. Purchase of property and equipment was USD 169,459 compared to USD 470,128 a year ago.
Liquid Holdings Group, Inc. (Liquid) is a software as a service (SaaS) provider of investment management solutions for the buy side. The Company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices and financial institutions across the world. The Liquid platform combines multi-asset order, execution and risk management with shadow net asset value and investor reporting capabilities. The Liquid platform is real-time and broker-neutral. The Liquid platform provides unified workflows and capabilities across order, execution and risk management. Liquid allows its clients to invest in and track multiple strategies and multiple portfolios through custom interfaces built for traders, portfolio managers, heads of risk, chief information officers (CIOs) and investor reporting teams. Its LiquidTrade is a single order and execution management system that combines the workflow, design and trading tools of a broker.
LIQUID HOLDINGS GROUP, INC. 
