Software payments company Trintech incurred a loss of $1.5 million last year, but generated an adjusted net income of $0.9 million.
The company said revenue decreased 13 per cent for the fiscal year to $48.6 million compared to $55.8 million in the previous year.
Fourth quarter revenues were $11.5 million and net income for the quarter of $2.1 million.
Chairman and chief executive officer Cyril McGuire said: "Trintech's performance in Q4 was solid as we continue to invest in key products and markets.
Mr McGuire said: "Our Funds Management Business achieved its performance targets and we continue to seek investment opportunities both organically and through acquisitions to scale this business globally.
The company also announced the purchase of US company Assurity Technologies for $5 million.
Trintech said this comprises of an initial cash consideration of $2 million and a performance based earn-out over three years, which is estimated at between $2 million and $3 million.
Trintech expects that the transaction will be accretive to earnings for the second half of the current fiscal year excluding the impact of any amortization of the purchase price.
