Lattice Incorporated announced earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported that total revenue increased to $2.4 million, up from $1.5 million in the year-ago period. Adjusted operating income was $180,000 compared to an adjusted operating loss of $694,000 in the year-ago period. The performance in the quarter was mainly impacted by the gross profit contribution from a strong technology sales and the accretive growth in direct services. Operating cash flow in the quarter was negative $404,000, which consisted cash earnings of $180,000 positive, offset by cash interest paid of approximately $104,000 and cash used for a net increase in operating assets of approximately $480,000. The negative OCF was financed by a $375,000 loan collateralized by accounts receivable and available cash on hand.

For 2016, the company expects revenue to be at or above the $2.6 million result in 2015.