Avidus Management Group Inc. announced earnings results for the first quarter March 31, 2014. For the quarter, the company reported $652,000 in revenue, compared to $772,000 for the same period in first quarter of 2013, a decrease of $120,000. The company attributes the decrease to an overall slowing of recruiting activities in mid-2013.

Net loss was $552,302, or $0.01 per share compared to $54,837 for the same three-month period in 2013. The increase in the net loss is primarily due to the one-time administrative and transactional costs associated with the Akea acquisition.