SofTech, Inc. reported earnings results for the third quarter and nine months ended Feb. 28, 2014. For the quarter, the company reported total revenue of $1,342,000 against $1,459,000 a year ago. Operating loss was $271,000 against operating income of $49,000 a year ago. Loss from operations before income taxes and net loss was $275,000 or $0.31 per basic and diluted share against loss from operations before income taxes and net loss of $14,000 a year or $0.01 per basic and diluted share ago. LBITDA was $93,000 against EBITDA of $183,000 a year ago. The increase in the net loss in the current quarter as compared to the same period in fiscal 2013 is primarily due to: non-recurring expenses of approximately $116,000 of lenders and professional services fees related to the December 2013 loan amendment, and reduced profitability earned when generating revenue from technologies of others as a reseller.

For the nine months, the company reported total revenue of $4,131,000 against $4,800,000 a year ago. Operating loss was $410,000 against operating income of $598,000 a year ago. Loss from operations before income taxes and net loss was $585,000 or $0.66 per basic and diluted share against income from operations before income taxes and net income of $411,000 a year or $0.41 per basic and diluted share ago. EBITDA was $3,145,000 against $836,000 a year ago.