Orbite Technologies Inc. announced consolidated earnings results for the first quarter ended March 31, 2016. The Company reported a loss before net finance expense (income) and taxes of $2.6 million for the quarter, up from $2.4 million for the comparable period in the prior year. The company is a development stage company and has no revenues. Net loss for first quarter 2016 decreased by $1.0 million to $1.7 million, as compared to the same period in the prior year. The decrease in net loss during the quarter is principally due to net finance expense (income) of $0.9 million. Cash flows used in operating activities decreased by $1.7 million during the quarter, compared to the same period of 2015 mainly due to the increase in cash flows from non-cash working capital items of $1.6 million during the quarter. This increase is the result of increases in accounts payable and accrued liabilities and ITCs recognized during the period and a decrease in sales taxes and other receivables.