NXT-ID (NXTD) Announces Prelim. Q1 Revenue of $6.6M
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NXT-ID, Inc. Releases Preliminary Results for the Quarter Ended March 31, 2017
May 2, 2017 8:01 AM EDTMELBOURNE, Florida, May 2, 2017 /PRNewswire/ --
NXT-ID, Inc. (NASDAQ: NXTD) ("NXT-ID" or the "Company"), a security technology company, announces selected preliminary results for quarter ended March 31, 2017.
First Quarter Highlights:Â
Revenue for Q1 2017 was approximately $6.6 million compared to $42,302 for the same period in previous year and $4.5 million for Q4 2016. Quarter on quarter revenue growth was approximately 46%. Gross profit for Q1 2017 was approximately $3.5 million compared to a gross loss of $(32,853) in Q1 2016 and a gross profit of $2.0 million for Q4 2016. Quarter on quarter gross profit growth was... More