Nxt-ID, Inc. Releases Preliminary Results for the Year Ended December 31, 2018 and Update on Proposed Spin-off
NXT-ID Inc. (NXTD)
US:NASDAQ Investor Relations:
nxt-id.com/investor-relations
Company Research
Source: PR Newswire
SEBASTIAN, Florida, March 14, 2019 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ: NXTD) (the "Company"), a provider of healthcare devices and services as well as payment credential management and authentication platform services, announces selected unaudited, preliminary results for year ended December 31, 2018.Highlights:Revenue from continuing operations for year ended December 31, 2018 was approximately $17.1 million compared to approximately $16.0 million for the same period in 2017. Year over year revenue growth was approximately 7%. Gross profit from continuing operations for year ended December 31, 2018 was approximately $12.3 million compared to approximately $11.0 million for the same period in 2017. Year over year gross profit growth was approximately 12%. Operating expenses from continuing operations were approximately $11.7 million for year ended December 31, 2018 compared to approximately $13.1 million for the same period in 2017. Operating income from continuing operations for
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