Nxt-ID: 3Q Earnings Snapshot
SEBASTIAN, Fla. (AP) _ Nxt-ID Inc. (NXTD) on Friday reported a loss of $7.6 million in its third quarter.
On a per-share basis, the Sebastian, Florida-based company said it had a loss of 26 cents. Losses, adjusted to account for discontinued operations, came to 2 cents per share.
The biometric authentication company posted revenue of $4.4 million in the period.
The company’s shares closed at 42 cents. A year ago, they were trading at 99 cents.