Alphaform AG announced earnings results for the first quarter 2014. For the quarter, the company reported an increase in revenue of around 14.4% to EUR 7.5 million compared to EUR 6.6 million a year ago. Loss before taxes (operating result) was EUR 0.3 million, after a balanced result in the same quarter of the previous year.

The negative operating result was due primarily to restructuring costs, including consultancy costs and non-recurring expenses for the capital increase. Cash flow from operating activities was EUR 1.1 million, compared with EUR 0.3 million in the reporting period of the previous year. This was also mainly due to restructuring costs.

EBITDA was EUR 0.017 million compared to EUR 0.348 million a year ago. Loss per share was EUR 0.07 compared to EUR 0.01 a year ago.