Smartphoto Group NV reported audited consolidated earnings results for the full year 2013. For the year, the company reported that revenue was EUR 52,029,000 compared to EUR 55,005,000 a year ago. EBITDA was EUR 843,000 or EUR 0.02 per share compared to EUR 4,157,000 or EUR 0.12 per share a year ago.

Loss from operating activities was EUR 1,115,000 or EUR 0.04 per share compared to profit from operating activities of EUR 1,659,000 or EUR 0.04 per share a year ago. Loss from continuing activities was EUR 2,035,000 or EUR 0.06 per share compared to EUR 1,250,000 or EUR 0.04 per share a year ago. Loss attributable to equity holders of the parent company was EUR 2,035,000 or EUR 0.06 per share compared to EUR 3,849,000 or EUR 0.11 per share a year ago.

Net financial debt was EUR 1,173,000 compared to EUR 1,411,000 a year ago. In 2013, investments amounted to EUR 1.08 million, compared to EUR 0.84 million a year earlier. With respect to the property, plant and equipment, EUR 0.53 million, there was mainly invested in production machines and, to a lesser extent, in hardware for IT related applications.

The investments in intangible assets, EUR 0.55 million, were mainly related to the development of the iPhone application and the efforts to switch to the HTML5 software. Net result of the year attributable to equity holders of the parent company, corrected for non-cash items was EUR 0.01 per share compared to EUR 0.05 per share a year ago. Cash flow from operating activities was EUR 1,321,000 compared to cash flow used in operating activities of EUR 623,000 a year ago.

Acquisition of property, plant and equipment was EUR 290,000 compared to EUR 396,000 a year ago. Acquisition of other intangible assets was EUR 549,000 compared to EUR 441,000 a year ago.