Excel Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. The company revenues for the first quarter ended March 31, 2016 were $4,019,658 against $1,153,709 a year ago. Operating income from continuing operations of $544,892 against $534,969 a year ago. After increased interest expense primarily related to the Calpian transaction, the company recorded net income from continuing operations of $216,276 against $456,065 a year ago. Net loss was $1,971,394 against $523,940 a year ago. Loss per share - basic & diluted was $0.020 against $0.005 a year ago.

For the balance of 2016, the company's expect to see sustained positive income from continuing operations.