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Jun 30, 2020
NXT-ID Q2 2020 Earnings Report
NXT-ID's operating results were significantly impacted by COVID-19, but the company was close to breakeven for the first six months.
Key Takeaways
NXT-ID announced its financial results for the second quarter of 2020, which were significantly impacted by COVID-19. Despite the challenges, the company made progress in right-sizing its business and paying down its term debt facility.
Second quarter 2020 operating results were significantly impacted by COVID-19.
The company had made significant progress in terms of right sizing their business and paying down their term debt facility.
The company continues to make significant progress with regards to new product development efforts.
The company remains very optimistic about future prospects in a post COVID-19 environment.