Wavefront Technology Solutions Inc. reported earnings results for the first quarter ended November 30, 2015. Revenues for the three months ended November 30, 2015 were $914,631, compared to the comparative period which recognized revenues of $1,493,590. Despite revenues being down $578,959 from the comparative quarter ended November 30, 2014, expenses decreased by $2,592,671 or 61.3% for a net favourable impact to equity of $2,013,712 as compared to the comparative quarter of 2014.

The basic and diluted net loss for the quarter ended November 30, 2015 decreased by $2,018,363 to $698,319 ($0.008 per share), compared to $2,716,682 ($0.033 per share) for the comparative quarter ended November 30, 2014.