Sajan Announces 4th Quarter Financial Results – 8th Consecutive Quarter of Double Digit Revenue Growth

The following is a press release from Sajan (a McGowan Capital Group investment) along with information to dial in this morning to listen to management’s discussion of its business operations, financial results and growth strategies.

 

Sajan Press Release

 

RIVER FALLS, Wis. – February 19, 2015 | Sajan, Inc. (SAJA), a leading provider of global language services and translation management system technology, today reported financial results for the fourth quarter and fiscal year ended December 31, 2014.

 

Financial highlights for the fourth quarter include the following:

 

  • Revenues grew 16% to $7,614,000 compared to $6,584,000 in the fourth quarter of 2013.  This was the 8th consecutive quarter of double-digit revenue growth.
  • Net income was $266,000 compared to $38,000 in the fourth quarter of 2013.
  • Adjusted EBITDA was $602,000 compared to $442,000 in the fourth quarter of 2013.

 

  • Revenues grew 18% to $28,348,000 compared to $23,961,000 in 2013.
  • Adjusted EBITDA was a record $1,521,000 compared to $1,316,000 in 2013.
  • Cash flow from operations was $1,192,000.
  • Ending cash balance totaled $4,662,000.

 

  • Established a new Strategic Account Management (SAM) Program responsible for growing revenue from our current customer base.  The SAM Program was a significant contributor to the company’s 18% revenue growth.
  • Launched SiteSync, which facilitates website translation through Sajan website hosting in the Cloud.
  • Made several strategic staff additions in project management, which positions the Company for further growth.
  • Completed a follow-on offering of 700,000 shares of common stock and listed the Company’s common stock on the NASDAQ Capital Market.
  • Significantly expanded our investments in research and development to further solidify the performance of Transplicity, the Company’s proprietary translation management system as well as readying the next generation of Transplicity for launch in 2015.

 

“2014 was a great year for Sajan.  Our continued financial performance improvement is extremely gratifying and reflects our ability to expand our business with new and existing clients,” said Shannon Zimmerman, CEO of Sajan. “I have great confidence in the foundation we have established and our ability to reach even greater heights in 2015.”

 

Conference Call Details

 

The company’s investors will have the opportunity to listen to management’s discussion of its business operations, financial results and growth strategies on a conference call at 10:30 a.m. (Central Time) on February 19, 2015.  The Company invites all those interested to join the call by dialing 1-888-469-1336 and entering access code 7540313.  For those who cannot listen to the live broadcast, a replay will be available shortly after the call and until 11:59 p.m. Central Time on February 26, 2015, by dialing 1-866-367-5568.

 

 

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