InsPro Technologies Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenues were $6,797,271 in the first quarter of 2016, an 82% increase as compared to $3,732,773 in the first quarter of 2015. Net loss was $403,197 or $0.01 per basic and diluted share in the first quarter of 2016 as compared to a net loss of $3,221,528 or $0.08 per basic and diluted share in the first quarter of 2015. The net loss in the first quarter of 2016 was favorably impacted by higher professional services revenue as compared to first quarter of 2015. Included in the net loss was $164,246 and $218,684 of non-cash equity compensation expense in first quarter 2016 and 2015, respectively. Operating loss from continuing operations was $412,434 against $3,231,820 a year ago. Loss from continuing operations was $416,412 against $3,260,246 a year ago. Net cash used in operating activities was $499,293 against $2,677,556 a year ago. Purchase of property and equipment was $10,188 against $4,682 a year ago.