Nanotech Security Corp. announced consolidated earnings results for the year ended September 30, 2014. For the year, the company announced revenue of CAD 2,229,494 compared to CAD 1,810,059 for the same period a year ago.

Loss before other expenses and income taxes was CAD 4,449,385 compared to CAD 2,061,532 for the same period a year ago. Loss, before income taxes was CAD 4,275,557 compared to CAD 2,049,317 for the same period a year ago. Net loss was CAD 383,107 compared to CAD 2,049,317 for the same period a year ago.

Loss per share, basic and diluted was CAD 0.01 compared to CAD 0.07 for the same period a year ago. Cash used in operating activities was CAD 2,779,922 compared to CAD 1,296,542 for the same period a year ago. Purchase of property and equipment, net of disposals was CAD 82,528 compared to CAD 41,668 for the same period a year ago.

The increased revenue was a result of increased sales in surveillance systems in the company's TTI business due to the launch of two new products midway through the year. The improvement in earnings is largely as a result of a deferred income tax recovery as a result of the application of the company's previously unrecorded loss carry-forwards subsequent to the acquisition of FOF and the recent amalgamation of IDME Technologies Inc. and IDIT Technologies Inc. acquired September 27, 2013.