NXT-ID (NXTD) Announces Strong Prelim. Q3 Results; Notes LogicMark Contribution
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NXT-ID, Inc. Releases Preliminary Results for the Quarter Ended September 30, 2016
October 10, 2016 8:00 AM EDTMELBOURNE, Florida, October 10, 2016 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a company focused on the growing mobile commerce market announces selected preliminary results for the quarter ended September 30, 2016.
Revenues were approximately $3,000,000 for the three months ended September 30, 2016 compared to $418,128 for the same period in 2015. Revenues from the recent LogicMark acquisition were included from July 25, 2016, and accounted for approximately 90% of the increase from the comparative period in 2015. The operating loss for the three months ended September 30, 2016 narrowed to approximately $500,000 compared to an operating loss of... More
