NXT-ID, Inc. (Nasdaq:
$NXTD) Releases Preliminary Results for the Six Months and Quarter Ended June
30, 2017
MELBOURNE,
Florida, July 31, 2017 -NXT-ID, Inc. (NASDAQ: NXTD)
("NXT-ID" or the "Company"), a security technology company,
announces selected preliminary results for the Six Months and Quarter Ended
June 30, 2017.
Second Quarter and
Six Month Highlights:
- · Revenue for the first six months of 2017 was approximately $14.3 million compared to $80,795 for the same period in previous year.
- · Revenue for Q2 2017 was approximately $7.6 million compared to $38,493 for the same period in previous year and approximately $6.7 million for Q1 2017.
- · Gross profit for the first six months of 2017 was approximately $7.3 million compared to a gross loss of $(58,374) for the same period in previous year.
- · Gross profit for Q2 2017 was approximately $3.8 million compared to a gross loss of $(25,251) in Q2 2017 and a gross profit of $3.5 million for Q1 2017.
- · Operating expenses were approximately $5.5 million for the first six months of 2017 compared to $4.6 million for the same period in previous year.
- · Operating expenses were approximately $3.0 million in Q2 2017 compared to $2.3 million in Q2 2016. Operating expenses were approximately $2.5 million in Q1 2017.
- · Operating income for the first six months of 2017 was approximately $1.8 million compared to an operating loss of $(4.6) million for the same period in previous year.
- · Operating income for Q2 2017 was approximately $0.7 million compared to an operating loss of $(2.3) million in Q2 2016. The operating income in Q1 2017 was approximately $1.1 million.
Read this
news in full at http://www.investorideas.com/CO/NXT/news/2017/07311PreliminaryResults.asp
About NXT- ID, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides
a comprehensive platform of technology products and services that enable the
Internet of Things (IoT). With
extensive experience in access control, biometric and behavior-metric identity
verification, security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, NXT-ID develops and markets
groundbreaking solutions for payment and IoT applications. Its industry-leading
technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers'
mobile platforms, the Wocket™, a next-generation smart
wallet and the Flye, a digital credit card
developed in collaboration with WorldVentures.
NXT-ID includes three
mobile and IoT-related subsidiaries: LogicMark,
LLC, a manufacturer
and distributor of non-monitored and monitored personal emergency response
systems ("PERS") sold through dealers/distributors and the United
States Department of Veterans Affairs; Fit
Pay, Inc., a proprietary
technology platform that delivers end-to-end solutions to device manufacturers
for contactless payment capabilities, credential management, authentication and
other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in
biometric identification and authentication. Learn more about NXT-ID at www.nxt-id.com.
This news is published on the Investorideas.com Newswire - a
global digital news source for investors and business leaders
Sign up for free news
alerts
Disclaimer/Disclosure:
Investorideas.com is a digital publisher of third party sourced
news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investment involves risk and
possible loss of investment. This site is currently compensated for news
publication and distribution, social media and marketing, content creation and
more. Contact each company directly regarding content and press release
questions. Disclosure is posted for each compensated news release, content
published /created if required but otherwise the news was not compensated for
and was published for the sole interest of our readers and followers. More
disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: Nxt-ID, Inc. (NXTD) is a long term paid
news publication and PR client of Investorideas.com. Renewed October 1, 2016 –
see details at http://www.investorideas.com/About/News/Clientspecifics.asp
No comments:
Post a Comment