Jan 14 (Reuters) - Titan Logix Corp TLA.V :
* Reports fiscal 2016 first quarter financial results
* Q1 loss per share C$0.01
* Q1 revenue fell 69 percent to C$1.578 million
* Says has reduced discretionary spending and downsized production costs to
match current demand
* Says "we continue to face challenging times"
* No short term expectations for a return to higher volumes of oilfield tanker
manufacturing, demand for co's primary products
* Source text for Eikon ID:nMKW2dcPNa
* Further company coverage TLA.V