Workiva Inc., in its first statement as a public company, reported higher revenues but mounting losses in 2014 as the cloud-based productivity company continued to develop products and add staff and widen its customer base.

Total revenue for 2014 was $112.7 million, up 32 percent from the $85.2 million the year before. But the company reported a net loss of  $41.2 million in 2014, up from $29.5 million the previous year.

The loss of $1.28 per share was up from $0.94. The company projects a 2015 loss of $1.19 to $1.27 per share.

Workiva, formerly known as WebFilings, now trades under the symbol WK. Its initial public offering generated proceeds of $90.4 million on Dec. 12, 2014.