Patriot National (PN) Misses Q1 EPS by 2c

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Patriot National Reports Record Fee Income and Adjusted EBITDA for the First Quarter of 2016

May 12, 2016 4:22 PM EDT

FORT LAUDERDALE, Fla., May 12, 2016 /PRNewswire/ -- Patriot National, Inc. ("Patriot National or "the Company") (NYSE: PN), a leading provider of technology and outsourcing solutions, today announced its financial results for the quarter ended March 31, 2016.

Highlights:

For the quarter ended March 31, 2016:(Comparisons to the corresponding prior-year period)

Total Revenues increased 50% to $64.6 million Total Fee Income increased 51% to $64.9 million GAAP Net Income was $3.4 million, or $0.12... More