Talon International, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales were $10,270,427 compared to $11,938,636 for the same period last year. Loss from operations was $199,176 compared to income from operations of $20,723 for the same period last year. Loss before provision for income taxes was $292,690 compared to income before provision for income taxes of $6,162 for the same period last year. Net loss was $316,757 compared to net income of $7,487,963 for the same period last year. Net loss applicable to Common Stockholders was $316,757 or $0.00 per diluted share compared to net income applicable to Common Stockholders of $7,487,963 or $0.08 per diluted share for the same period last year.

For the year, the company reported net sales were $49,322,684 compared to $52,447,387 for the same period last year. Income from operations was $1,739,705 compared to $2,757,224 for the same period last year. Income before provision for income taxes was $1,328,435 compared to income before provision for income taxes of $2,731,447 for the same period last year. Net income was $572,069 compared to $9,731,087 for the same period last year. Net income applicable to Common Stockholders was $572,069 or $0.01 per diluted share compared to net income applicable to Common Stockholders of $14,755,874 or $0.24 per diluted share for the same period last year. Total sales decrease compared to 2013, principally the result of a decline in Talon Zipper sales.