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Sep 30, 2021
NXT-ID Q3 2021 Earnings Report
Reported a decrease in revenue and gross profit, but a slightly better operating loss compared to the same quarter last year. The company focused on securing capital and restructuring the company.
Key Takeaways
NXT-ID reported a decrease in revenue by 10% to $2.4 million, a decrease in gross profit to $1.3 million, and a net loss of $743,000 or $0.12 a share. The company focused on securing capital and restructuring the company. They raised $16.4 million of capital and ended the quarter with $16 million in cash.
Revenue was $2.4 million, a decrease of 10% from the same quarter last year.
Gross profit was $1.3 million, a decrease of $611,000 compared to the same quarter last year.
Operating loss for the quarter was $497,000, slightly better compared to the operating loss in the same quarter last year.
Net loss was $743,000 or $0.12 a share compared to a net loss of $1.1 million or $0.32 a share in the same quarter last year.
NXT-ID
NXT-ID
Forward Guidance
N/A