QKL Stores Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company reported net sales of $274,636,920 compared to $282,790,433 a year ago. Loss from operations was $21,182,526 compared to $8,871,048 a year ago. Loss before income tax was $24,996,064 compared to $9,816,140 a year ago. Net loss was $26,961,829 or $17.71 per diluted share compared to $14,297,812 or $9.41 per diluted share a year ago. Net cash used in operating activities was $15,757,527 compared to $14,744,479 a year ago. Purchases of property, plant and equipment were $4,230,820 compared to $598,043 a year ago. The change in Net Sales were primarily attributable to comparable stores are stores that were opened for at least one year before the beginning of the comparison period, or by January 1, 2013.

For the quarter, revenue increased by 12.3% to $75.8 million from $67.5 million in the fourth quarter of 2013. Net loss was $14.7 million in the fourth quarter of 2014 compared with net loss of $11.6 million in the fourth quarter of 2013.