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NXTD Nxt-ID

Nxt-ID, Inc. provides technology products and services for healthcare applications. The Company has extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies. Through its subsidiary, LogicMark LLC, Nxt-ID, Inc. is a manufacturer and distributor of non-monitored and monitored personal emergency response systems sold through dealers/distributors and the United States Department of Veterans Affairs.

Company profile

NXTD stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Nxt-ID earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.39M 3.39M 3.39M 3.39M 3.39M 3.39M
Cash burn (monthly) 1.76M (positive/no burn) 185.25K 525.01K 237.54K 228.19K
Cash used (since last report) 6.5M n/a 685.1K 1.94M 878.47K 843.92K
Cash remaining -3.11M n/a 2.71M 1.45M 2.51M 2.55M
Runway (months of cash) -1.8 n/a 14.6 2.8 10.6 11.2

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 21 Gust David Richard Options to Purchase Common Stock Grant Acquire A No No 0.89 11,236 10K 102,146
30 Jun 21 Curtis Robert Arthur Options to Purchase Common Stock Grant Acquire A No No 0.89 11,236 10K 102,146
30 Jun 21 Sharkey Daniel P Options to Purchase Common Stock Grant Acquire A No No 0.89 11,236 10K 102,146
14 Jun 21 Chia-Lin Simmons Common Stock Grant Acquire A No No 0 2,665,595 0 2,665,595

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

9.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 33 35 -5.7%
Opened positions 6 12 -50.0%
Closed positions 8 8
Increased positions 8 7 +14.3%
Reduced positions 7 7
13F shares
Current Prev Q Change
Total value 8.98M 10.88M -17.5%
Total shares 8.37M 8.31M +0.8%
Total puts 717.9K 905.5K -20.7%
Total calls 654.9K 601.7K +8.8%
Total put/call ratio 1.1 1.5 -27.2%
Largest owners
Shares Value Change
Alpha Capital Anstalt 4.5M $5.54M 0.0%
Vanguard 1.9M $1.69M -3.6%
Susquehanna International 728.13K $648K -34.3%
Geode Capital Management 328.63K $292K +64.1%
STT State Street 276.4K $246K NEW
VIRT Virtu Financial 212.4K $189K NEW
NTRS Northern Trust 79.95K $71K +92.7%
Group One Trading 74.81K $67K NEW
BCS Barclays 50K $44K 0.0%
Renaissance Technologies 36.82K $33K NEW
Largest transactions
Shares Bought/sold Change
Susquehanna International 728.13K -379.43K -34.3%
STT State Street 276.4K +276.4K NEW
VIRT Virtu Financial 212.4K +212.4K NEW
Geode Capital Management 328.63K +128.35K +64.1%
Group One Trading 74.81K +74.81K NEW
Vanguard 1.9M -70.15K -3.6%
BMO Bank of Montreal 0 -68.9K EXIT
HRT Financial 0 -44.9K EXIT
NTRS Northern Trust 79.95K +38.45K +92.7%
Renaissance Technologies 36.82K +36.82K NEW

Financial report summary

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Competition
RambusMastercardVisaNXP Semiconductors
Management Discussion
  • Revenue. Our revenues for the six and three months ended June 30, 2021 were $5,221,257 and $2,782,575, respectively, compared to $6,227,012 and $2,482,983, respectively for the six and three months ended June 30, 2020. The decrease in our revenues for the six months ended June 30, 2021 as compared to the six months ended June 30, 2020 is primarily attributable to LogicMark’s decreased sales volume resulting from the COVID-19 pandemic. The increase in our revenue for the three months ended June 30, 2021 compared to 2020 is primarily attributable to the beginning of a slight resurgence in the overall general economy and the VA hospitals and clinics coming back online.
  • Cost of Revenue and Gross Profit. Our gross profit for the six and three months ended June 30, 2021 was $3,370,650 and $1,820,061, respectively, compared to a gross profit of $4,609,829 and $1,813,924, respectively for the six and three months ended June 30, 2020. The decrease in gross profit for the six months ended June 30, 2021 as compared to the six months ended June 30, 2020 is primarily attributable to LogicMark’s decreased sales volume resulting from the COVID-19 pandemic as well as to the higher product cost of inventory purchased for resale. The gross profit in the three months ended June 30, 2021 as compared to the three months ended June 30, 2020 was relatively flat in spite of the higher sales volume for the three months ended June 30, 2021 as compared to the same period for 2020. The increase in gross profit resulting from the higher sales volume for the three months ended June 30, 2021 was essentially offset by the higher product cost of inventory purchased for resale.
  • Operating Expenses. Operating expenses for the six months ended June 30, 2021 totaled $4,365,212 and consisted of research and development expenses of $516,566, selling and marketing expenses of $1,178,777 and general and administrative expenses of $2,669,869. The research and development expenses related primarily to salaries and consulting services of $461,113. Selling and marketing expenses consisted primarily of salaries and consulting services of $282,823, amortization of intangibles of $377,777, freight charges of $224,561, merchant processing fees of $109,131, and sales commissions of $113,373. General and administrative expenses consisted of salaries and consulting services of $417,178, accrued management and employee incentives of $100,000, legal, audit and accounting fees of $530,080 and insurance of $277,817. Also included in general and administrative expenses is $688,000 in non-cash stock compensation expense to management and board members.
Content analysis
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