GuestLogix Inc. reported audited earnings results for the fourth quarter and year ended December 31, 2014. For the year, the company reported revenues of $36.8 million, EBITDA of $1.7 million and net operating loss of $6.6 million. Adjusted EBITDA was $1.7 million, a 142% growth rate from the prior year.

Revenue was $9.94 million for the quarter compared to $8.3 million for fourth quarter 2013, an increase of 19.5%. Growth in Revenue was seen year-over-year due to growth in the Asia-Pacific region and the Europe and Middle East regions. Revenue has increased because of new deployments and deliveries of equipment to support the large number of new deployments. Adjusted EBITDA for the quarter was $434,000 compared to negative $588,000 for the comparable quarter in 2013.