The Westaim Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net income of USD 1.4 million or USD 0.01 per share for the three months ended March 31, 2016, compared to net income of USD 9.9 million or USD 0.14 per share for the three months ended March 31, 2015. Revenue was USD 0.7 million against USD 0.3 million a year ago.