Nxt-ID: 2Q Earnings Snapshot
SEBASTIAN, Fla. (AP) _ Nxt-ID Inc. (NXTD) on Monday reported a loss of $3.4 million in its second quarter.
The Sebastian, Florida-based company said it had a loss of 12 cents per share. Earnings, adjusted to extinguish debt and to account for discontinued operations, came to less than 1 cent on a per-share basis.
The biometric authentication company posted revenue of $4.5 million in the period.
The company’s shares closed at 35 cents. A year ago, they were trading at $1.62.