Saja sajan
We calculate Adjusted EBITDA by taking net income (loss) calculated in accordance with GAAP, and adding interest expense, income taxes, restructuring costs, depreciation and amortization, and stock-based compensation. Although painful, we expect our actions to save the Company approximately $1,200,000 of annual compensation costs while not impacting our ability to achieve our long term revenue growth objectives.” Non-GAAP Financial Measures – Adjusted EBITDA The actions taken impacted operations, sales and marketing, research and development and administrative areas of the Company. We also took a major step in improving our profitability outlook for 2017 in November by restructuring our business. Our largest clients were the main contributors as we saw our top 20 accounts comprise 74 percent of our fourth quarter revenue. Shannon Zimmerman, CEO of Sajan, commented on the Company’s fourth quarter results: “I am pleased with our record performance and continued revenue growth in the fourth quarter. See the section entitled “Non-GAAP Financial Measures” below for a reconciliation of Adjusted EBITDA to net income (loss). 31, 2016, was ($553,000) including $259,000 of non-recurring restructuring costs, compared to net income of $142,000 for the same period of 2015. 31, 2016, compared to $515,000 for the quarter ended Dec. Adjusted EBITDA was $290,000 for the quarter ended Dec. 31, 2016, of ($165,000) including $259,000 of non-recurring restructuring costs, compared to net income of $263,000 for the quarter ended Dec. The Company reported a net loss for the quarter ended Dec. Revenues were a record $7,657,000 for the quarter ended Dec. (NASDAQ:SAJA), a leading provider of global language services and translation management system technology, today reported its financial results for the fourth quarter and fiscal year ended Dec.