Excel Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's revenues were $4,446,291 compared to $1,060,225 a year ago. Operating income from continuing operations was $945,148 compared to $339,273 a year ago. Net income from continuing operations was $667,109 compared to $271,578 a year ago. Net income was $5,454 compared to net loss of $143,475 a year ago. Basic & diluted earnings per share was $0.000 compared to loss per share of $0.001 a year ago. EBITDA was $1,053,028 compared to $367,343 a year ago. Following a relatively strong first quarter, the company delivered an even stronger performance in the second quarter, nearly doubling the company's net operating income when compared to the company results in the first quarter of 2016. The positive impact and improved financial results from the company's restructuring in April speak for themselves.

For the six months, the company's revenues were $8,465,949 compared to $2,213,934 a year ago. Operating income from continuing operations was $1,490,040 compared to $874,243 a year ago. Net income from continuing operations was $883,385 compared to $727,643 a year ago. Net loss was $1,965,940 compared to $667,415 a year ago. Basic & diluted loss per share was $0.020 compared to $0.007 a year ago. EBITDA was $1,734,038 compared to $923,247 a year ago.

On this solid foundation, the company expects to see continued positive cash flow and net income from continuing operations for the balance of 2016.