InsPro Technologies Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2015. Revenues were $5,588,153 in the second quarter of 2015, a 31% increase as compared to the $4,267,656 in the second quarter of 2014. Net loss was $1,489,166 or $0.04 per basic and diluted share in the second quarter of 2015 as compared to a net loss of $2,487,141 or $0.06 per basic and diluted share in the second quarter of 2014. The net loss in the second quarter of 2015 was favorably impacted by license fee revenue and lower equity compensation expense in second quarter 2015 as compared to second quarter 2014. Loss from continuing operations was $1,530,217 or $0.04 per basic and diluted share against $2,548,758 or $0.06 per basic and diluted share reported last year. Operating loss from continuing operations was $1,498,116 against $2,547,644 reported last year.

Revenues were $9,320,926 in the six months ended June 30, 2015, a 19% increase as compared to the $7,844,255 in the six months ended June 30 2014. Net loss was $4,710,727 or $0.11 per basic and diluted share in the six months ended June 30, 2015 as compared to a net loss of $2,988,900 or $0.07 per basic and diluted share in the six months ended June 30, 2014. The net loss in the six months ended June 30, 2015 was favorably impacted by higher cost of revenues, a result of increased utilization of several outside consulting firms, to assist with modifications to InsPro Enterprise's functionality and new clients' implementations of InsPro Enterprise. Loss from continuing operations was $4,790,463 or $0.11 per basic and diluted share against $3,120,917 or $0.07 per basic and diluted share reported last year. Operating loss from continuing operations was $4,729,936 against $3,112,359 reported last year. Net cash used in operating activities was $2,158,688 against net cash provided by operating activities of $289,813 reported last year. Purchase of property and equipment was $70,691 against $203,583 reported last year.