VANCOUVER, British Columbia, Nov. 15, 2016 (GLOBE NEWSWIRE) -- IGEN Networks Corp. (the "Company" or "IGEN") (OTCQB:IGEN) (CSE:IGN), reports that it has filed its Q3 2016 report which included record revenues for the quarter and nine-month periods stemming from record product shipments and service activations. The company reported third quarter revenues of $376,476 and nine-month period revenues of $828,570. Total invoicing for the quarter was $544,031. Gross profits for the quarter were $86,797, and for the nine-month period were $304,865 - also a record for the Company. Net losses for the quarter dropped to $149,690, the lowest the Company has reported since Q2 2014. This was achieved in spite of $167,555 in Q3 revenues being deferred. Including these deferred revenues, and therefore on a non-GAAP basis, the Company reported positive funds flow from operations of $17,121. Neil G. Chan, President and CEO of IGEN, added, "We are pleased we continue to deliver record growth coupled with demonstrable improvement of our bottom line and cash flow performance. Our focus remains controlled and profitable growth of the company, and providing expanded and improved service offerings to our channel partners, automotive dealerships, and consumers." About IGEN Networks Corporation: IGEN Networks Corporation invests in and manages companies that deliver cloud-based services through Machine-to-Machine (M2M) device technologies for the protection and management of mobile assets and commercial fleets. The Company offers a range of self-provisioning applications which are used to manage and recover stolen assets, provide access to roadside assistance programs, and improve productivity of commercial fleets.