Cachet Financial Solutions, Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenues of $2,004,974 compared with $1,001,251 for the same period a year ago. Operating loss was $2,106,191 compared with $2,461,127 for the same period a year ago. Net loss attributable to common shareholders was $4,071,275 or $1.46 per basic and diluted share compared with $8,921,084 or $5.47 per basic and diluted share for the same period a year ago. The improvement in Revenue was driven by an increase in the number of transactions and an increase in the number of product and product enhancement deployments completed in the quarter. The improvement was also due, in part, to an increase in recurring revenue from the company’s Select Mobile Money products. Adjusted LBITDA was $1,728,017 compared with $2,138,561 for the same period a year ago. For the six months, the company reported revenues of $3,464,534 compared with $2,006,690 for the same period a year ago. Operating loss was $4,215,952 compared with $5,262,959 for the same period a year ago. Net loss attributable to common shareholders was $8,627,748 or $3.28 per basic and diluted share compared with $12,085,571 or $8.38 per basic and diluted share for the same period a year ago. Adjusted LBITDA was $3,340,954 compared with $4,663,504 for the same period a year ago.