NXT-ID

OverviewSuggest Edit

NXT-ID, Inc.'s 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 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 the wallet, no smart phone required. Wocket works anywhere credit cards are accepted and only works with a biometric stamp of approval. NXT-ID’ wholly owned subsidiary, 3D-ID LLC, is engaged in biometric identification and has licensed patents in the field of 3D facial recognition.

TypePublic
Founded2012
HQMelbourne, FL, US
Websitenxt-id.com

Latest Updates

Employees (est.) (Dec 2018)34(-38%)
Revenue (FY, 2020)$11.4 M(-33%)
Share Price (Apr 2022)$1.8(+2%)
Cybersecurity ratingAMore
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Key People/Management at NXT-ID

Michael J. D'Almada-Remedios

Michael J. D'Almada-Remedios

Director
David Tunnell

David Tunnell

Executive Vice President & Chief Technology Officer
David R. Gust

David R. Gust

Independent Director
Daniel P. Sharkey

Daniel P. Sharkey

Independent Director
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NXT-ID Office Locations

NXT-ID has an office in Melbourne
Melbourne, FL, US (HQ)
285 North Dr
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NXT-ID Financials and Metrics

NXT-ID Revenue

NXT-ID's revenue was reported to be $11.44 m in FY, 2020
USD

Revenue (FY, 2020)

11.4m

Gross profit (FY, 2020)

8.2m

Gross profit margin (FY, 2020), %

71.7%

Net income (FY, 2020)

(2.9m)

EBIT (FY, 2020)

(586.1k)

Market capitalization (27-Apr-2022)

21.5m

Closing stock price (27-Apr-2022)

1.8

Cash (31-Dec-2020)

4.4m
NXT-ID's current market capitalization is $21.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

167.2k33.5k23.3m17.1m17.1m11.4m

Revenue growth, %

1154%

Cost of goods sold

1.8m4.4m11.7m4.8m4.4m3.2m

Gross profit

(1.7m)(4.4m)11.6m12.3m12.8m8.2m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.3k113.1k418.1k8.7k38.5k3.1m6.7m7.7m4.5m4.9m5.2m4.4m4.2m4.5m4.4m3.7m2.5m

Cost of goods sold

2.0k133.9k565.6k75.2k64.0k1.7m3.2m3.9m1.7m1.5m1.7m1.2m1.0m1.1m1.1m948.1k669.1k

Gross profit

280.0(20.7k)(147.5k)(66.5k)(25.5k)1.3m3.5m3.8m2.8m3.5m3.5m3.2m3.2m3.4m3.3m2.8m1.8m

Gross profit Margin, %

12%(18%)(35%)(766%)(66%)44%53%50%62%70%68%73%76%76%75%75%73%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

303.6k2.2m419.0k3.3m5.6m1.6m4.4m

Accounts Receivable

1.2m1.8m38.5k133.7k

Prepaid Expenses

3.3k918.2k1.0m1.5m285.5k455.6k

Inventories

6.5k359.5k1.8m5.3m3.1m1.3m767.4k
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

156.8k26.3k338.2k588.2k4.8m324.2k153.7k147.4k121.5k977.5k1.6m2.5m1.3m514.6k4.4m1.3m780.5k1.2m1.3m1.4m1.4m1.4m

Accounts Receivable

151.5k869.9k2.0m2.4m2.5m1.6m1.7m339.9k103.3k86.3k44.4k36.0k11.1k

Prepaid Expenses

3.3k94.4k808.7k647.7k668.5k1.2m2.1m1.6m2.1m1.5m1.5m694.4k574.3k448.5k341.3k382.3k345.9k

Inventories

2.8k4.1k29.5k30.2k32.6k566.1k1.1m1.4m1.9m2.2m4.7m5.2m5.3m4.9m3.0m2.8m1.3m1.2m1.2m1.5m949.8k808.0k
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NXT-ID Cybersecurity Score

Cybersecurity ratingPremium dataset

A

98/100

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NXT-ID Online and Social Media Presence

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NXT-ID News and Updates

NXT-ID CHANGES NAME AND SYMBOL TO LOGICMARK

LOUISVILLE, Ky., March 1, 2022 /PRNewswire/ -- NXT-ID, Inc. announced today a name change to LogicMark, Inc. LogicMark was a company acquired by NXT-ID in 2016 and brought with it innovations in the personal emergency response systems (PERS) space. Shares will begin trading under the...

NXT-ID ANNOUNCES APPOINTMENT OF SHERICE TORRES TO COMPANY'S BOARD OF DIRECTORS

LOUISVILLE, Ky., Feb. 23, 2022 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ: NXTD), provider of personal emergency response systems (PERS), health communications devices and IoT technology, today announces the appointment of Sherice Torres to the company's board of directors. Torres, who...

NXT-ID Awarded a U.S. General Services Administration Contract to Distribute Personal Emergency Response Systems to Federal, State and Local Government Purchasers

LOUISVILLE, Ky., Dec. 15, 2021 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ: NXTD) announces it has been awarded a U.S. General Services Administration (GSA) contract to bring its personal emergency response systems (PERS) to federal, state and local government purchasers as of Q3 2021. NXT-ID...

Thinking about buying stock in Meten Holding Group, Ocugen, NXT-ID, Plug Power, or Phunware?

NEW YORK, Nov. 2, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for METX, OCGN, NXTD, PLUG, and PHUN. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

Thinking about buying stock in Camber Energy, NXT-ID, Globalstar, Sonim Technologies, or Hut 8 Mining?

NEW YORK, Sept. 15, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CEI, NXTD, GSAT, SONM, and HUT. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....

NXT-ID Reduces Term Debt by $5.0 Million

Oxford, Connecticut, Feb. 09, 2021 (GLOBE NEWSWIRE) -- NXT-ID, Inc. (“NXTD” or the “Company”) (NASDAQ: NXTD), a provider of healthcare devices and services, announced today it has made a prepayment of approximately $5.0 million in principal of its senior secured debt. As a result of this prepaymen…
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NXT-ID Blogs

NXT-ID Appoints Key Executives to Support Product Suite Development and Company Growth

NXT-ID Appoints Key Executives to Support Product Suite Development and Company Growth Content Import Thu, 02/17/2022 - 07:04 NXT-ID Appoints Key Executives to Support Product Suite Development and Company Growth February 17, 2022 at 7:00 AM EST This release i…

Chia-Lin Simmons interviewed on the Awareprenuers Podcast Episode #229 The Pers Device: Compassionate Technology to Improve Sandwich Generation Lives

Chia-Lin Simmons interviewed on the Awareprenuers Podcast Episode #229 The Pers Device: Compassionate Technology to Improve Sandwich Generation Lives ronryan.teano@… Thu, 12/09/2021 - 14:37 Chia-Lin Simmons interviewed on the Awareprenuers Podcast Episode #229 The Pers Device: Compassionat…

Nxt-ID, Inc. Schedules Third Quarter 2021 Earnings Release and Conference Call

LOUISVILLE, Ky. , Nov. 2, 2021 /PRNewswire/ --  Nxt-ID, Inc . (NASDAQ: NXTD) announced today that its third quarter 2021 financial and operating results will be released before the market opens on Friday, November 12, 2021 , and the company will host a conference call with investors at 11:00 AM

Nxt-ID, Inc. Shareholders Approve Both Reverse Stock Split Proposals

Nxt-ID, Inc. Shareholders Approve Both Reverse Stock Split Proposals Content Import Fri, 10/15/2021 - 12:31 Nxt-ID, Inc. Shareholders Approve Both Reverse Stock Split Proposals October 15, 2021 at 12:30 PM EDT This release is a backfill from a News Wire …

Nxt-ID, Inc. Shares Letter With Shareholders Highlighting CEO's First 100 Days And Plans For Future Growth

Urges Shareholders to Vote "FOR" Both of the Reverse Stock Split Proposals TODAY OXFORD, Conn. , Oct. 4, 2021 /PRNewswire/ --  Nxt-ID, Inc. (NASDAQ: NXTD) (the "Company" or " NXT-ID "),   a provider of technology products and services for healthcare applications, today shared a letter to NXT-ID

Nxt-ID Sends Letter To Shareholders Urging Them To Vote "For" Reverse Stock Splits

Seeks to Avoid Delisting from Nasdaq Capital Market as Soon as October 18, 2021 Delisting Would Adversely Affect Shareholders' Ability to Trade NXT-ID Common Stock Company Launches www.voteFORnxt-id.com to Inform Shareholders OXFORD, Conn. , Sept. 29, 2021 /PRNewswire/ -- Nxt-ID, Inc.
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NXT-ID Frequently Asked Questions

  • When was NXT-ID founded?

    NXT-ID was founded in 2012.

  • Who are NXT-ID key executives?

    NXT-ID's key executives are Michael J. D'Almada-Remedios, David Tunnell and David R. Gust.

  • How many employees does NXT-ID have?

    NXT-ID has 34 employees.

  • What is NXT-ID revenue?

    Latest NXT-ID annual revenue is $11.4 m.

  • What is NXT-ID revenue per employee?

    Latest NXT-ID revenue per employee is $336.6 k.

  • Who are NXT-ID competitors?

    Competitors of NXT-ID include In Time Link, Fingpay and Edge Mobile Payments.

  • Where is NXT-ID headquarters?

    NXT-ID headquarters is located at 285 North Dr, Melbourne.

  • Where are NXT-ID offices?

    NXT-ID has an office in Melbourne.

  • How many offices does NXT-ID have?

    NXT-ID has 1 office.