Alldigital Holdings, Inc. (ADGL)

[tradehax]

Net sales decreased by $235,641, or 8% in the first nine months of 2014 compared to the first nine months of 2013 due to net declines in monthly recurring and nonrecurring revenue of $325,608 and $141,870, respectively, offset by an $231,837 net increase in recognized deferred revenue. The net decline in recurring revenue resulted from a decrease in recurring monthly maintenance and support contracts with new and existing customers.