InsPro Technologies Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $3,732,773 compared to $3,576,599 a year ago. Operating loss from continuing operations was $3,231,820 compared to $564,714 a year ago.

Loss from continuing operations was $3,260,246 against $572,158 a year ago. Net loss was $3,221,528 or $0.08 per basic and diluted share compared to $501,758 or $0.01 per basic and diluted share a year ago. Basic and diluted loss from continuing operations per share was $0.08 compared to $0.01 per basic and diluted share a year ago.

Net cash used in operating activities was $2,677,559 against $611,948 a year ago. Purchase of property and equipment was $4,679 against $70,601 a year ago. The results from operations in the first quarter of 2015 were unfavorably 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.