The following is a summary of 2014 achievements:
-12.3 cents revenue per listening hour in fiscal 2014 compared to 7.8 cents in fiscal 2013, a year over year increase of over 50%.
-147,617 registered members as of 8/31/14 compared to 124,953 registered members as of 8/31/13, a year over year increase of over 18%.
-Streaming related gross revenue of $1,636,383 in fiscal 2014 compared to $900,405 in fiscal 2013, a year over year increase of over 80%.
-Cost of revenue of $1,260,166 in fiscal 2014 compared to $1,703,353 in fiscal 2013, a decrease of over 26%.
-Operating expenses of 1,127,711 in fiscal 2014 compared to 2,431,758 in fiscal 2013, a decrease of over 54%.
-A net loss of $1,161,062 in fiscal 2014 compared to $2,610,279 in fiscal 2013, an improvement of $1,449,217.
-Over 470 million songs played as of 8/31/2014 since Radioloyalty’s commercial launch in May 2011.
-Over 7.3 million song "likes" shared through social media as of 8/31/2014.
-Progression of development work associated with the launch of StreamTrack: an artist-based broadcasting platform, Robot Fruit, Scratch.fm and WatchThis!