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Nxt-ID: 2Q Earnings Snapshot

August 20, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NXTD at https://www.zacks.com/ap/NXTD

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