Titan Logix Corp. reported earnings results for the first quarter ended November 30, 2016. For the period, the company's revenue totaled CAD 823,659, a decrease of CAD 754,128 or 48% from revenue of CAD 1,577,787 in the previous year's first quarter. Demand for the Company's signature product (TD80) has abruptly declined concurrent with demand for new crude oil tankers as a result of the crude oil price collapse. The operating loss before other items and income taxes was CAD 361,019 for the first quarter of fiscal 2017 as compared to an operating loss of CAD 503,170 in the comparable quarter of the previous year. The improvement is primarily a result of reduced expenses commensurate with the reduction in revenue. The net earnings in the first three months of fiscal 2017 were CAD 18,794 compared to a net loss of CAD 350,855 for the comparable period of fiscal 2016. This increase in earnings is primarily due to the CAD 335,434 gain on sale of the assets related to the TPZ 3310 and 3500 Controller product lines sold in conjunction with the closing of Titan's Saskatchewan warehouse and service facility.