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Mar 31, 2020
NXT-ID Q1 2020 Earnings Report
Reported a net income due to strong gross profit and cost saving initiatives.
Key Takeaways
Nxt-ID reported positive earnings per share despite experiencing softness in revenues in late March due to COVID-19, with net income driven by the LogicMark healthcare business and cost-saving initiatives.
Reported net income of approximately $438K.
Strong gross profit generated by LogicMark healthcare business.
Implemented cost saving initiatives.
Experienced softness in revenues in the latter part of March due to COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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