For all the details, read the 2nd quarter financial statement. Or you can read the PR for August 15 for a thumbnail sketch:
PositiveID Reports Q2 2016 Revenue of $1.8 Million, Up from $51 Thousand in Q2 2015
First Half 2016 Revenues Exceed $3.5 Million, Up from $182 Thousand in First Half 2015
DELRAY BEACH, Fla., Aug. 15, 2016 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID" or "Company")(OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced its financial results for the three and six months ended June 30, 2016. The Company's Form 10-Q for the second quarter of 2016 can be found in the Investor Relations section of its website at www.psidcorp.com.
Revenue increased to $1.8 million for the three months ended June 30, 2016, up from $51 thousand for the three months ended June 30, 2015. The increased revenue is attributable to the Company's December 2015 acquisitions of E-N-G Mobile Systems, Inc. ("ENG"), a leader in the mobile labs market, and Thermomedics Inc., which markets the FDA cleared Caregiver® non-contact thermometer. The Company's current revenues are primarily generated from its mobile labs segment. Gross profit increased to $636,000 for the three months ended June 30, 2016, from $5,000 for the three months
ended June 30, 2015, which is also attributable to the Company's acquisitions of ENG and Thermomedics.
Revenue for the six months ended June 30, 2016 increased to $3.5 million, up from $182 thousand for the six months
ended June 30, 2015. Operating loss decreased to $2.6 million for the six months ended June 30, 2016, from an operating
loss of $3.4 million for the six months ended June 30, 2015. The improvement at the operating line is primarily due to higher
gross profit and decreased R&D expenses for the six months ended June 30, 2016.
