Excel Corporation reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenues of $4,014,048 against $4,019,658 a year ago. Operating income from continuing operations was $14,585 against $544,892 a year ago. Net loss from continuing operations was $670,402 against income of $216,276 a year ago. Net loss was $670,402 against $1,971,394 a year ago. Net loss was $0.007 against $0.02 a year ago. EBITDA was $226,556 against $748,797 a year ago. Revenues were negatively impacted by approximately $92,000 in losses caused by fraud by a single merchant as well as an additional $65,000 related to third-party fraud, which have otherwise been infrequent.