PositiveID Reports 2017 Results; Fourth Quarter Revenues Increase 47% Year Over Year
POSITIVEID CORP COMMON (PSID)
US:NASDAQ Investor Relations:
investors.positiveidcorp.com/investor-relations
Company Research
Source: GlobeNewswire
DELRAY BEACH, Fla., April 03, 2018 (GLOBE NEWSWIRE) -- PositiveID Corporation (“PositiveID” or “Company”) (OTC:PSID), a life sciences company focused on detection and diagnostics, announced today its financial results for the quarter and year ended December 31, 2017. The Company's Form 10- K can be found in the Investor Relations section of its website. Fourth Quarter Financial Highlights Revenue for the quarter ended December 31, 2017 increased 47% to $1.4 million from revenue of $1.0 million for the quarter ended December 31, 2016.Operating loss for the quarter ended December 31, 2017, when excluding a non-cash intangible impairment charge of $0.3 million, improved by 20% from the quarter ended December 31, 2016. Net loss for the quarter ended December 31, 2017 improved by 25% from the quarter ended December 31, 2016. Full Year 2017 Financial Highlights Revenue for the year ended December 31, 2017 decreased 4% to $5.4 million from revenue of $5.6 million for the year ended Dec
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