Lightyear Network Solutions, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenues of $16,974,839 compared to $18,630,391 a year ago. Loss from operations was $491,742 compared to $581,430 a year ago. Loss before income taxes was $621,219 compared to $459,506 a year ago. Net loss was $621,219 compared to $335,706 a year ago. Loss attributable to common stockholders was $621,219 or $0.03 per basic and diluted share compared to $710,502 or $0.03 per basic and diluted share a year ago. EBITDA adjusted for non-cash stock based compensation was $250,629 compared to $80,731 a year ago. Cash generated from operations was approximately $537,000 compared with cash used in operations of approximately $462,000 in the year-ago first quarter.