Lattice Incorporated announced earnings results for the first quarter ended March 31, 2015. The company reported total revenues for the three months ended March 31, 2015 were approximately $1,510,000, down from approximately $2,334,000 for the three months ended March 31, 2014, due to several factors, which included a low quarter of technology sales due to timing of shipments, deferring revenue recognition on a $1 million software license sale and the loss of the wholesale service revenue as a result of a large wholesale service arrangement ending in May 2014 as move strategically to providing direct services. Operating loss for the quarter was $864,000, which compared to a loss of $292,000 a year ago.

The increase in loss was due to several factors, which included the timing of shipments on technology sales, deferring revenue recognition on $1 million software license sale and an increase in operating expenses due to adding sales, marketing and engineering staffing to growth objectives.