InsPro Technologies Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues were $6,064,817 compared to the $5,647,379 a year ago. The increase was the result of increased fees from ongoing and recent implementations of the company from several existing clients combined with license fee revenue in the Third Quarter of 2017 from an existing client as a result of growth in the number of policies the client processes on their instance of the company. Operating income from continuing operations was $1,515,492 compared with $49,297 a year ago. Income from continuing operations before income taxes was $1,508,306 compared with $41,466 a year ago. Net income from continuing operations was $1,508,306 compared with $41,466 a year ago. Net income was $1,495,962 compared with $56,313 a year ago. Basic earnings per share were $0.04 compared with $0.01 a year ago. Net income in the Third quarter of 2017 was favorably impacted by higher revenues from existing clients combined with lower IT consulting staffing as compared to Third Quarter 2016, primarily as a result of the implementation of cost reduction initiatives. Included in the net income in Third Quarter 2017 and in Third Quarter 2016 was $22,271 and $19,465 of non-cash stock based fees and compensation expense, respectively. For the nine months, the company reported revenues were $15,605,618 compared to the $16,883,950 a year ago. The decrease was the result of lower post implementation services to several clients and lower implementation services to the Company’s largest client, as measured by 2017 to date revenue. Partially offsetting the decline in revenue was higher ASP and hosting and software license revenue. Operating income from continuing operations was $410,739 compared with loss of $1,861,838 a year ago. Income from continuing operations before income taxes was $399,377 compared with loss of $1,880,128 a year ago. Net income from continuing operations was $385,533 compared with loss of $1,880,128 a year ago. Net income was $403,799 compared with loss of $1,826,787 a year ago. Basic earnings per share were $0.01 compared with loss per share were $0.04 a year ago. Net income in 2017 was favorably impacted by lower employee and IT consulting staffing as compared to the same period in 2016, primarily as a result of the implementation of cost reduction initiatives. Included in the net income was $130,031 and $1,502,806 of non-cash stock based fees and compensation expense in nine months ended September 30, 2017 and 2016, respectively.