NXT-ID, Inc. (Nasdaq: $NXTD) Reports
Financial Results for the Six Months and Quarter Ended June 30, 2017
MELBOURNE, Florida, August 15, 2017
-NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the
"Company"), a security technology company, is pleased to report its
financial and operating results for the six months and quarter ended June 30,
2017.
Gino Pereira, Chief Executive
Officer of NXT-ID said, “Our second quarter results
for 2017 show continued growth following the significant progress we reported
in Q1 2017. Revenue for the first six months of 2017 was more than $14
million compared to just over $80,000 for the same period last
year, so we’re making real progress in terms of revenue.
Full
financial results and Management's Discussion and Analysis can be found in the
Company’s Form 10-Q for the quarterly period ended June 30, 2017 filed with the
Securities and Exchange Commission (“SEC”) on August 14, 2017.
About NXT- ID, Inc.
NXT-ID, Inc. (NASDAQ: NXTD) provides
a comprehensive platform of technology products and services that enable the
Internet of Things (IoT). With
extensive experience in access control, biometric and behavior-metric identity
verification, security and privacy, encryption and data protection, payments,
miniaturization and sensor technologies, NXT-ID develops and markets
groundbreaking solutions for payment and IoT applications. Its industry-leading
technology products and solutions include MobileBio®, a suite of biometric solutions that secure consumers'
mobile platforms, the Wocket™, a next-generation smart
wallet and the Flye, a digital credit card
developed in collaboration with WorldVentures.
NXT-ID includes three
mobile and IoT-related subsidiaries: LogicMark,
LLC, a manufacturer
and distributor of non-monitored and monitored personal emergency response
systems ("PERS") sold through dealers/distributors and the United
States Department of Veterans Affairs; Fit Pay, Inc., a proprietary
technology platform that delivers end-to-end solutions to device manufacturers
for contactless payment capabilities, credential management, authentication and
other secure services within the IoT ecosystem, and 3D-ID LLC, which is engaged in
biometric identification and authentication. Learn more about NXT-ID at www.nxt-id.com.
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