NXT-ID, Inc.'s innovative MobileBio® solution mitigates consumer risks associated with mobile computing, m-commerce and smart OS-enabled devices. The company is focused on the growing m-commerce market, launching its innovative MobileBio® suite of biometric solutions that secure consumers' mobile platforms led by Wocket®; a next generation smart wallet designed to replace all the cards in your wallet, no smart phone required. Wocket was recognized as one of the top technology products at CES 2015 by multiple media outlets including Wired.com. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has 22 licensed patents in the field of 3D facial recognition.
Company Growth (employees)
Type
Public
HQ
Oxford, US
Founded
2012
Size (employees)
16 (est)
Website
nxt-id.com
NXT-ID was founded in 2012 and is headquartered in Oxford, US

NXT-ID Office Locations

NXT-ID has offices in Oxford, Palm Bay and Melbourne
Oxford, US (HQ)
288 Christian St
Melbourne, US
285 North Dr
Palm Bay, US
3255 Bayside Lakes Blvd Se

NXT-ID Data and Metrics

NXT-ID Financial Metrics

NXT-ID's revenue was reported to be $7.7 m in FY, 2016 which is a 1154% increase from the previous period.
USD

Revenue (FY, 2016)

7.7 m

Revenue growth (FY, 2015 - FY, 2016), %

1154%

Gross profit (FY, 2016)

3.3 m

Gross profit margin (FY, 2016), %

43%

Net income (FY, 2016)

(12.8 m)

EBIT (FY, 2016)

(6.7 m)

Market capitalization (19-Jul-2017)

16 m

Closing share price (19-Jul-2017)

1.6

Cash (31-Dec-2016)

3.3 m
NXT-ID's current market capitalization is $16 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

616.9 k7.7 m

Revenue growth, %

1154%

Cost of goods sold

1.8 m4.4 m

Gross profit

(1.2 m)3.3 m

Gross profit Margin, %

(196%)43%

R&D expense

888.2 k

General and administrative expense

6.2 m

Operating expense total

1.4 m5.2 m9.7 m10 m

EBIT

(1.4 m)(5.2 m)(10.9 m)(6.7 m)

EBIT margin, %

(1771%)(87%)

Interest expense

(35.5 k)(30.7 k)(1.2 m)(3.3 m)

Interest income

1.2 k72723

Pre tax profit

(7.1 m)(13.1 m)(12.6 m)

Income tax expense

(843)(4.3 k)(196 k)

Net Income

(1.5 m)(7.1 m)(13.1 m)(12.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

303.6 k2.2 m419 k3.3 m

Accounts Receivable

1.2 m

Inventories

6.5 k918.2 k1 m5.3 m

Current Assets

313.5 k3.5 m4.8 m11.2 m

PP&E

379.7 k

Goodwill

15.5 m

Total Assets

321.2 k3.7 m5.1 m35.4 m

Accounts Payable

244.1 k535.2 k1.3 m2.1 m

Current Liabilities

2.2 m928.4 k4.3 m13.3 m

Total Liabilities

32.6 m

Additional Paid-in Capital

(80.2 k)11.6 m22.8 m33.2 m

Retained Earnings

(1.8 m)(8.8 m)(21.9 m)(34.7 m)

Total Equity

(1.8 m)2.7 m881.3 k2.8 m

Financial Leverage

-0.2 x1.3 x5.8 x12.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(1.5 m)(7.1 m)(13.1 m)(12.8 m)

Depreciation and Amortization

585183.2 k579.2 k

Accounts Receivable

(721.2 k)

Inventories

(6.5 k)918.2 k400.5 k(1.1 m)

Accounts Payable

244.1 k535.2 k1.4 m120 k

Cash From Operating Activities

(840.5 k)(8.6 m)(950 k)

Purchases of PP&E

(6.4 k)(381.8 k)(39.1 k)

Cash From Investing Activities

(6.4 k)(1.9 m)(15.9 m)

Cash From Financing Activities

1 m8.7 m19.8 m

Interest Paid

930.2 k

Income Taxes Paid

1 k8.8 k
Y, 2016

Financial Leverage

12.6 x

NXT-ID Market Value History

NXT-ID Online and Social Media Presence

NXT-ID Company Life and Culture

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