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NXT-ID announces preliminary Q2 and 1H results; shares ahead 23% premarket

Published 07/31/2017, 09:05 AM
© Reuters.  NXT-ID announces preliminary Q2 and 1H results; shares ahead 23% premarket
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  • NXT-ID (NASDAQ:NXTD) announces selected 1H and Q2 preliminary results for the quarter Ended June 30.
  • Revenue was ~$14.3M and ~$7.6M for 1H and Q2 respectively.
  • Gross profit was ~$7.3M and ~$3.8M for 1H and Q2 respectively.
  • Operating expenses were ~$5.5M and ~$3M for 1H and Q2 respectively.
  • Operating income for 1H and Q2 was ~$1.8M and ~$0.7 million respectively.
  • NXT-ID intends to report final Q2 and 1H results on or about August 15, after market close.
  • Shares are up 23% premarket on modest volume.
  • Now read: SITO Mobile closes M equity offering


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