NXT-ID

Financial Services Technology biometrics fintech internet of things payments

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.

Revenue(FY, 2016)

$7.7 M

Market capitalization(2018-06-14)

$40 M

Type

Public

Melbourne, US

Founded

2012

Size (employees)

16 (est)

Website

nxt-id.com

NXT-ID was founded in 2012 and is headquartered in Melbourne, US

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NXT-ID Office Locations

NXT-ID has offices in Melbourne, Oxford and Palm Bay

Melbourne, US (HQ)

285 North Dr

Oxford, US

288 Christian St

Palm Bay, US

3255 Bayside Lakes Blvd SE

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NXT-ID Financials and Metrics

NXT-ID Financials

NXT-ID's revenue was reported to be $7.74 m in FY, 2016 which is a 1154.2% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	4.9 m
Gross profit (Q1, 2018)	3.5 m
Gross profit margin (Q1, 2018), %	70.2%
Net income (Q1, 2018)	(1.6 m)
EBIT (Q1, 2018)	(740.7 k)
Market capitalization (14-Jun-2018)	40 m
Closing share price (14-Jun-2018)	1.6
Cash (31-Mar-2018)	4.4 m
EV	36.2 m

NXT-ID's current market capitalization is $40 m.

Income Statement

Annual

USD	FY, 2015	FY, 2016
Revenue	616.9 k	7.7 m
Revenue growth, %		1154%
Cost of goods sold	1.8 m	4.4 m
Gross profit	(1.2 m)	3.3 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	2.3 k	113.1 k	418.1 k	42.3 k	38.5 k	3.1 m	6.7 m	7.7 m	4.5 m	4.9 m
Cost of goods sold	2 k	133.9 k	565.6 k	75.2 k	64 k	1.7 m	3.2 m	3.9 m	1.7 m	1.5 m
Gross profit	280	(20.7 k)	(147.5 k)	(32.9 k)	(25.5 k)	1.3 m	3.5 m	3.8 m	2.8 m	3.5 m
Gross profit Margin, %	12%	(18%)	(35%)	(78%)	(66%)	44%	53%	50%	62%	70%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	303.6 k	2.2 m	419 k	3.3 m
Accounts Receivable				1.2 m
Inventories	6.5 k	918.2 k	1 m	5.3 m
Current Assets	313.5 k	3.5 m	4.8 m	11.2 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	26.3 k	338.2 k	588.2 k	4.8 m	324.2 k	153.7 k	147.4 k	121.5 k	977.5 k	1.6 m	2.5 m	1.3 m	514.6 k	4.4 m
Accounts Receivable							151.5 k			869.9 k	2 m	2.4 m	2.5 m	1.6 m
Inventories	4.1 k	29.5 k	30.2 k	32.6 k	566.1 k	1.1 m	1.4 m	1.9 m	2.2 m	4.7 m	5.2 m	5.3 m	4.9 m	3 m
Current Assets	30.4 k	371 k	716.9 k	5 m	1.7 m	1.9 m	2.6 m	3.1 m	3.9 m	8.5 m	11.9 m	10.6 m	10.1 m	10.8 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(1.5 m)	(7.1 m)	(13.1 m)	(12.8 m)
Depreciation and Amortization	585		183.2 k	579.2 k
Inventories	(6.5 k)	918.2 k	400.5 k	(1.1 m)
Accounts Payable	244.1 k	535.2 k	1.4 m	120 k

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q1, 2018
Net Income	(474 k)	(1.6 m)	(2.2 m)	(2.7 m)	(2 m)	(3.5 m)	(3.5 m)	(5.4 m)	(2.5 m)	(2.4 m)	(730.2 k)	(1.6 m)
Depreciation and Amortization												433.4 k
Inventories			30.2 k	32.6 k	566.1 k	1.1 m	1.4 m	1.9 m	2.2 m	4.7 m		62.5 k
Accounts Payable			92.8 k	297 k	375.1 k	645.3 k	879 k	1.4 m	1.1 m	2.1 m	2.3 m	284.2 k