InsPro Technologies Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Forecast for 2018
May 14, 2018 at 08:54 am EDT
InsPro Technologies Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenues were $6,187,747 against $5,065,078 a year ago. Operating income from continuing operations was $1,029,968 against loss of $646,388 a year ago. Income before income taxes was $1,023,744 against loss of $646,302 a year ago. Net income was $928,744 against loss of $646,302 a year ago. Basic net income per common share was $0.02 against loss of $0.02 a year ago.
The company's first quarter 2018 results are very much in line with the company's expectations and continue the positive momentum from late 2017. The company's focus in 2018 is to continue positive momentum.