Island Information & Technology, Inc. reported unaudited earnings results for the first quarter ended January 31, 2018. For the quarter, the company reported gross revenue of PHP 69,457.50 as compared to PHP 60,000 for the same period last year. Loss before tax was PHP 363,302.09 as compared to PHP 479,121.96 for the same period last year. Net loss after tax was PHP 363,302.09 as compared to PHP 479,121.96 for the same period last year. Return on equity was negative 0.003%. LBITDA was PHP 354,000 against PHP 470,100 a year ago. Cash used in operating activates was PHP 339,012.19 compared to PHP 547,529.75 for the same period last year. Book Value per Share was negative PHP 0.02.