PositiveID Corporation Announces Earnings Results for the Quarter and Year Ended December 31, 2017
April 03, 2018 at 08:06 am EDT
PositiveID Corporation announced earnings results for the quarter and year ended December 31, 2017. For the quarter, revenue increased 47% to $1.4 million from revenue of $1.0 million for the quarter ended December 31, 2016. The majority of the Company’s revenues for the quarter ended December 31, 2017 came from its Mobile Labs segment, consisting of its E-N-G Mobile Systems subsidiary (“ENG”), which generated $1.4 million of revenue. Operating loss, when excluding a non-cash intangible impairment charge of $0.3 million, improved by 20% from the quarter ended December 31, 2016. Net loss improved by 25% from the quarter ended December 31, 2016.
For the year, revenue decreased 4% to $5.4 million from revenue of $5.6 million for the year ended December 31, 2016. Operating loss improved by 32% from the year ended December 31, 2016. Net loss improved by 33% from the year ended December 31, 2016.