Billing Services Group Limited reported audited consolidated earnings results for the full year ended December 31, 2013. For the year, operating revenue was $53,898,000 against $70,260,000 a year ago. Operating loss was $8,400,000 against $2,248,000 a year ago. Loss before income taxes was $9,549,000 against $14,320,000 a year ago. Net loss was $6,177,000 against $8,859,000 a year ago. Net cash provided by operating activities was $13,504,000 against $28,480,000 a year ago. Purchases of property, equipment and software were $1,148,000 against $777,000 a year ago. EBITDA was $12.4 million against $15.8 million a year ago. Net loss per basic and diluted share was $0.02 against $0.03 a year ago. The decrease in revenue was expected, due in large part to the discontinuation of billing for enhanced service transactions, combined with the secular decline in landline phone usage. The decline in revenues had a corresponding effect on EBITDA, which was $12.4 million in 2013 compared to $15.8 million in 2012.

For the year ending December 31, 2014, the company expects revenue to be between $45.0 million and $48.0 million and EBITDA to be between $8.5 million and $9.5 million. The company expects that revenue and EBITDA in 2014 will continue to be affected by the secular decline in the volume of billable long distance and operator service calls initiated on landline phones, partially offset by higher revenue and EBITDA from services to the wireless sector.