Nxt-ID, Inc. provides technology products and services for healthcare applications. It develops and markets solutions for payment, Internet of Things (IoT), and healthcare applications with experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization, and sensor technologies. The company, through its subsidiary, LogicMark LLC, manufactures and distributes non-monitored and monitored personal emergency response systems sold through healthcare durable medical equipment and monitored security dealers/distributors, and the United States Department of Veterans Affairs. It serves various end markets, including the security, healthcare, financial technology, and the IoT markets. Nxt-ID, Inc. was founded in 2011 and is based in Oxford, Connecticut.
IPO Year:
Exchange: NASDAQ
Website: nxt-id.com
LOUISVILLE, Ky., Nov. 12, 2021 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ:NXTD) (the "Company" or "NXT-ID"), provider of personal emergency response systems (PERS), health communications devices and IoT technology, announced financial and operations results for the third quarter and nine-month period ended September 30, 2021. Chia-Lin Simmons, the Company's Chief Executive Officer, commented, "During the third quarter of 2021, we continued working towards establishing a solid foundation for future growth. In this respect, we obtained shareholder approval for a reverse stock split in October, enabling us to remain listed on the Nasdaq Capital Market ("Nasdaq"). We view this as a vote of confidence
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 (Pacific Time) / 2:00 PM (Eastern Time) the same day. Ms. Chia-Lin Simmons, CEO and Mr. Mark Archer, CFO will host the call. The press release and associated SEC filing links will be available on the Nxt-ID investor relations website. To register and listen to the webcast visit https://edge.media-server.com/mmc/p/2hbppitw. For those investors wishing to participate by telephone, please use the followin
OXFORD, Conn., Aug. 17, 2021 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ:NXTD) (the "Company" or "Nxt-ID"), a provider of technology products and services for healthcare applications, announces financial results for the three months and six months ended June 30, 2021. Second quarter results ended June 30, 2021 include: Revenue for the second quarter was approximately $2.8 million, up 14% from the prior quarter and up 12% from the same quarter last year. Gross profit for the second quarter was approximately $1.8 million, compared to approximately $1.6 million in the prior quarter and slightly favorable with the same quarter last year. Operating expenses for the quarter were approximately $2.0 millio
Oxford, Connecticut, May 19, 2021 (GLOBE NEWSWIRE) -- Nxt-ID, Inc. (NASDAQ: NXTD) (the "Company" or "Nxt-ID"), a provider of technology products and services for healthcare applications, announces financial results for the three months ended March 31, 2021. Financial highlights and results from the first quarter of 2021 included: Revenue for the three months ended March 31, 2021 was approximately $2.4 million, compared to approximately $3.7 million for the same 2020 period.Gross profit for the three months ended March 31, 2021 was approximately $1.6 million, compared to approximately $2.8 million for the same 2020 period.Operating expenses for the three months ended March 31, 2021 we
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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 currently serves as the Chief Marketing Officer for Circle Internet Financial, LLC (Circle), brings nearly 30 years of marketing, brand management, strategic planning and change management for companies like Google and Meta (formerly Facebook) to her board role. NXTD)" alt="Sherice Torres, newest Board Member of NXT-ID, Inc. (NASDAQ:NXTD)">
LOUISVILLE, Ky., Feb. 17, 2022 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ:NXTD), provider of personal emergency response systems (PERS), health communications devices and IoT technology, today announces it has appointed Mark Archer as Chief Financial Officer, and Rafael Saavedra as VP of Engineering. The executives will join the leadership team and be responsible for directing and managing NXT-ID's patented IoT technology that helps improve the lives of seniors. The new executives will help drive and support new product development and customer growth for NXT-ID.Archer brings 30 yea
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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 currently serves as the Chief Marketing Officer for Circle Internet Financial, LLC (Circle), brings nearly 30 years of marketing, brand management, strategic planning and change management for companies like Google and Meta (formerly Facebook) to her board role. NXTD)" alt="Sherice Torres, newest Board Member of NXT-ID, Inc. (NASDAQ:NXTD)">
LOUISVILLE, Ky., Feb. 17, 2022 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ:NXTD), provider of personal emergency response systems (PERS), health communications devices and IoT technology, today announces it has appointed Mark Archer as Chief Financial Officer, and Rafael Saavedra as VP of Engineering. The executives will join the leadership team and be responsible for directing and managing NXT-ID's patented IoT technology that helps improve the lives of seniors. The new executives will help drive and support new product development and customer growth for NXT-ID.Archer brings 30 yea
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 will now be able to distribute their life-saving technology directly to long-term partners like the Veterans Health Administration and to other government agencies to help more people feel safe and secure at an affordable price. NXT-ID's goal is to use our patented technology to help improve the
LOUISVILLE, Ky., Nov. 12, 2021 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ:NXTD) (the "Company" or "NXT-ID"), provider of personal emergency response systems (PERS), health communications devices and IoT technology, announced financial and operations results for the third quarter and nine-month period ended September 30, 2021. Chia-Lin Simmons, the Company's Chief Executive Officer, commented, "During the third quarter of 2021, we continued working towards establishing a solid foundation for future growth. In this respect, we obtained shareholder approval for a reverse stock split in October, enabling us to remain listed on the Nasdaq Capital Market ("Nasdaq"). We view this as a vote of confidence
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 (Pacific Time) / 2:00 PM (Eastern Time) the same day. Ms. Chia-Lin Simmons, CEO and Mr. Mark Archer, CFO will host the call. The press release and associated SEC filing links will be available on the Nxt-ID investor relations website. To register and listen to the webcast visit https://edge.media-server.com/mmc/p/2hbppitw. For those investors wishing to participate by telephone, please use the followin
OXFORD, Conn., Oct. 15, 2021 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ:NXTD) (the "Company" or "NXT-ID"), provider of personal emergency response systems (PERS), health communications devices and IoT technology, today announced that the Company's shareholders have approved the two reverse stock split proposals relating to NXT-ID's common stock and Series C preferred stock at the Company's special shareholders meeting on October 15, 2021. The NXT-ID board of directors has approved a 1-for-10 reverse split for the Company's common stock and a corresponding 1-for-10 reverse split for its Series C preferred stock. The reverse stock splits will take effect after the close of trading today, which will
OXFORD, Conn., Oct. 11, 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 shareholders from the Company's Chief Executive Officer, Chia-Lin Simmons. The letter reminds shareholders to vote today "FOR" each of the reverse stock split proposals relating to NXT-ID's common stock and Series C preferred stock, so that it can remain listed on Nasdaq. "The reverse stock split process can be complex and difficult to understand, so we are answering several top-of-mind questions to help explain how the process works, and why these pro
OXFORD, Conn., Sept. 29, 2021 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ:NXTD) (the "Company" or "NXT-ID"), a provider of technology products and services for healthcare applications, today sent an important letter to its shareholders from the Company's Chief Executive Officer, Chia-Lin Simmons, regarding the upcoming Special Meeting of the Company's shareholders ("Special Meeting"), scheduled to be held on Friday, October 15, 2021. The Company is asking its shareholders to vote today "FOR" the reverse split proposals relating to NXT-ID's common stock and Series C preferred stock so that it can regain compliance with Nasdaq requirements and continue to be listed
OXFORD, Conn., Sept. 27, 2021 /PRNewswire/ -- NXT-ID, Inc. (NASDAQ:NXTD) (the "Company" or "NXT-ID), a provider of technology products and services for healthcare applications, today announced that both of the leading independent proxy advisory firms, Glass Lewis & Co. ("Glass Lewis"), and Institutional Shareholder Services ("ISS"), have recommended that NXT-ID shareholders vote "FOR" the proposed reverse stock split of NXT-ID's common stock and "FOR" a reverse split of its Series C Preferred Stock at the Company's special shareholders meeting scheduled to be held on Friday, October 15th, 2021. The Company's board of directors has unanimously recommended that shareholders vote "FOR" each of
OXFORD, Conn., Sept. 20, 2021 /PRNewswire/ -- Nxt-ID, Inc. (NASDAQ:NXTD) (the "Company" or "Nxt-ID"), a provider of technology products and services for healthcare applications, filed a definitive proxy statement with the Securities and Exchange Commission (the "SEC") to hold a special shareholders meeting on Friday, October 15, 2021 to vote on a reverse split of Nxt-ID's Common stock and a reverse split of its Series C Preferred Stock. The meeting will take place at the offices of Sullivan & Worcester LLP, 1633 Broadway, 32nd Floor, New York, New York at 10:30 AM Eastern Time. The Company is proposing the reverse stock split primarily to regain compliance with The NASDAQ Capital Market $1
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