People Corporation reported earnings results for the first quarter ended November 30, 2016. For the quarter, the company's revenue was $23,344,700 compared to $16,314,900 a year ago. Adjusted EBITDA before REI was $4,736,200 compared to $4,117,800 a year ago. Adjusted EBITDA was $3,735,700 compared to $3,204,600 a year ago. Net loss was $275,500 compared to $149,100 a year ago. The increase in Adjusted EBITDA before REI is directly due to the investments related to expanded leadership and associated operating costs to accommodate future growth and the continued investment in new benefit consultants and related support costs incurred to drive organic growth. The increase in Adjusted EBITDA is due to the factors affecting Adjusted EBITDA before REI, net of retained economic interest attributable to vendors and/or principals of acquired companies. For the three months ended November 30, 2016, the Company reported an increase in net loss of $0.1 million resulting from an increase in finance expenses including accretion of REI liabilities; acquisition related amortization of intangible assets; and income tax expense, partially offset by the increase in Adjusted EBITDA.