Digiliti Money, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of $2.518 million against $1.460 million a year ago. Operating loss was $2.155 million against $2.110 million a year ago. Net loss attributable to common shareholders was $2.829 million against $4.929 million a year ago. Net loss per common share-basic and fully diluted was $0.83 against $3.01 a year ago. The improvement in net loss attributable to common shareholders was primarily due to improved operational performance and a decrease in certain non-cash charges. Revenue in the first quarter of 2017 increased 73% from the first quarter of 2016. The improvement was driven primarily by an increase in professional services, and to a lesser extent, by an increase in recurring revenue from the company’s RDC and Select Mobile Money solutions as a result of increased deployments, product enhancements, and transactions. Adjusted LBITDA (a non-GAAP term defined as net loss before interest, taxes, depreciation, amortization, stock-based compensation, and non-recurring items) for the first quarter of 2017 totaled $1.760 million, compared to an adjusted LBITDA of $1.613 million in the same year-ago period.