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Last $0.03 USD
Change Today 0.00 / 0.00%
Volume 0.0
ITCC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

inspro technologies corp (ITCC) Snapshot

Open
$0.04
Previous Close
$0.03
Day High
$0.04
Day Low
$0.03
52 Week High
02/18/15 - $0.09
52 Week Low
12/8/14 - $0.02
Market Cap
1.2M
Average Volume 10 Days
35.3K
EPS TTM
$-0.18
Shares Outstanding
41.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for INSPRO TECHNOLOGIES CORP (ITCC)

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inspro technologies corp (ITCC) Details

InsPro Technologies Corporation, through its subsidiary, InsPro Technologies, LLC, provides Web-based insurance administration software applications for insurance carriers and third party administrators. Its software product includes InsPro Enterprise software product, which is an insurance administration and marketing system that supports group and individual business lines, as well as processes agent, direct market, worksite, and Web site generated businesses. The company offers InsPro Enterprise on a licensed and an application service provider basis. It also provides various professional services, such as implementation, legacy system migration, application management, Web development, help desk, and hosting service support services, as well as consulting services. The company was formerly known as Health Benefits Direct Corporation and changed its name to InsPro Technologies Corporation in November 2010. InsPro Technologies Corporation was founded in 1986 and is based in Radnor, Pennsylvania.

84 Employees
Last Reported Date: 03/31/15
Founded in 1986

inspro technologies corp (ITCC) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: --
Founder and Vice Chairman
Total Annual Compensation: $300.0K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $250.0K
Chief Revenue Officer of Inspro Technologies ...
Total Annual Compensation: $141.7K
Compensation as of Fiscal Year 2014.

inspro technologies corp (ITCC) Key Developments

InsPro Technologies Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

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.

InsPro Technologies Corporation Proposes Amendment to the Company’S Certificate of Incorporation

InsPro Technologies Corporation announced that the company proposed an amendment to the Company’s certificate of incorporation, as amended to increase the number of authorized shares of common stock from 400,000,000 shares to 500,000,000 to the Annual Meeting of Stockholders to be held on August 19, 2015.

InsPro Technologies Corporation, Annual General Meeting, Aug 19, 2015

InsPro Technologies Corporation, Annual General Meeting, Aug 19, 2015., at 09:00 US Eastern Standard Time. Location: 150 N. Radnor-Chester Rd., Suite B-101. Agenda: To elect 12 directors; to ratify the appointment of D’Arelli Pruzansky, P.A. as the Company’s independent registered public accountants for the fiscal year ending December 31, 2015; to vote upon an amendment to the Company’s certificate of incorporation, as amended to increase the number of authorized shares of common stock from 400,000,000 shares to 500,000,000; and to transact such other business as may properly come before the Annual Meeting or any adjournments thereof.

 

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