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​Why Smaller and Safer Is the Key to NXT-ID Winning Big with the Internet of Things

There’s no denying the potential for the Internet of Things (IoT), the technology that connects mobile devices, wearables, homes, cars and, realistically, any object anywhere via the Internet. The growth projections are mind-boggling, including tech giants Cisco (CSCO) and Intel (INTC) estimating, respectively, that the number of connected devices will climb from 15 billion in […]

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NXT-ID (NXTD) Announces Prelim. Q1 Revenue of $6.6M

NXT-ID, Inc. (NASDAQ: NXTD), a security technology company, announces selected preliminary results for quarter ended March 31, 2017. First Quarter Highlights: Revenue for Q1 2017 was approximately $6.6 million compared to $42,302 for the same period in previous year and $4.5 million for Q4 2016. Quarter on quarter revenue growth was approximately 46%. Gross profit […]

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NXTD Update Note APRIL 2017

Despite a positive update, a strategic merger agreement and major sequential quarterly growth shares of Nxt-ID have declined 25% over the past week. After years of being in the development stage the company is reporting very large YoY and sequential increases in revenue. The consensus view is that investors fear additional shares coming to market […]

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NXT-ID, Fit Pay, Inc. enter letter of intent to combine businesses

March 27, 2017 – NXT-ID, Inc. and Fit Pay, Inc. have entered into letter of intent to combine their businesses in a deal that includes stock and cash consideration. The press release specifies that NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a […]

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​Nxt-ID to Expand Digital Payment Portfolio with Fit Pay Merger

Next-generation technology provider NXT-ID, Inc. announced this week that it entered into a Letter of Intent with Fit Pay, Inc. to combine their businesses. The transaction would enhance NXT-ID’s existing product portfolio with Fit Pay’s “comprehensive payment and authentication platform”, which is aligns well considering NXT-ID’s core technology and focus. NXT-ID (NXTD) already specializes in […]

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