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Dec 31, 2019
NXT-ID Q4 2019 Earnings Report
Generated pre-tax income due to strong gross profit from LogicMark and cost-saving initiatives.
Key Takeaways
Nxt-ID reported that its fourth quarter 2019 operating results from continuing operations reflected pre-tax income of approximately $170K, primarily driven by the strong gross profit from the LogicMark healthcare business and implemented cost-saving initiatives.
Generated quarterly pre-tax income for the first time in the company's history.
Q4 2019 operating results reflected pre-tax income of approximately $170K.
Strong gross profit from LogicMark healthcare business contributed to the positive results.
Cost-saving initiatives implemented by the company also played a role in the pre-tax income.