#Tech information: NXT-id Inc. (NASDAQ: $NXTD) files 2016 Annual file on kind 10-ok - InvestorIdeas.com (press unencumber)

MELBOURNE, Florida - April 17, 2017 (Investorideas.com Newswire) NXT-identification, Inc. (NASDAQ:NXTD) ("NXT-identity" or the "business"), a safety know-how company, declares the filing of its 2016 Annual file on kind 10-k on Thursday April 13, 2017 with the U.S. Securities and change commission.

The Annual report on kind 10-okay is obtainable within the Investor members of the family section of the business's website at http://www.nxt-id.com below "SEC Filings," as well as on the SEC's web site at http://www.sec.gov.

2016 year Highlights:

Acquisition of LogicMark LLC accomplished July 2016.

salary for 2016 was $7,736,320 in comparison to $616,854 for the outdated 12 months; a more than ten-fold increase.

Gross earnings for 2016 changed into $3,301,452 compared to a gross loss of $(1,039,039) in 2015.

working prices had been flat in 2016 in comparison to 2015 at about $10,000,000.

operating Loss for 2016 changed into decreased to $(6,710,088) compared to $(10,924,297) in 2015.

web cash utilized in working activities in 2016 changed into noticeably reduced at $(950,048) in comparison to $(8,620,672) for 2015

Fourth Quarter Highlights:

profits for this fall 2016 turned into $four,562,169 in comparison to $eighty three,325 for the same duration in old 12 months.

Gross profit for this fall 2016 changed into $2,014,103 in comparison to a gross lack of $(1,206,970) in q4 2015.

working expenses have been $2,616,975 in this autumn 2016 in comparison to $2,359,930 in this autumn 2015.

working Loss for this autumn 2016 become decreased to $(602,872) compared to $(3,398,969) in q4 2015.

For the primary time within the business's heritage, web cash generated by using working actions in this autumn 2016 changed into $2,066,041 compared to internet cash used in operating activities of $(2,277,729) for this fall 2015; a favorable swing of $4,343,770.

About NXT- identity Inc. - cellular safety for a mobile World

Nxt-identity, Inc. (NASDAQ:NXTD) is a security expertise enterprise featuring protection for finance, belongings, and healthcare. The business's imaginative MobileBio® answer mitigates dangers linked to mobile computing, m-commerce, and sensible OS-enabled devices. With extensive journey in biometric id verification, safety and privateness, encryption and facts insurance plan, funds, miniaturization and sensor technologies, the business partners with business leading corporations to supply solutions for contemporary fee and the internet of issues ('IoT') purposes. The enterprise's completely owned subsidiary, LogicMark, LLC, manufactures and distributes non-monitored and monitored very own emergency response methods ('PERS') offered through the united states department of Veterans Affairs ('VA'), healthcare durable clinical machine purchasers and distributors and monitored safety buyers and distributors.

http://nxt-identification.com/

ahead-searching Statements for NXT-identity:

This press unlock consists of ahead-looking statements within the which means of the deepest Securities Litigation Reform Act of 1995. ahead-searching statements mirror management's current expectations, as of the date of this press release, and involve definite hazards and uncertainties. forward-searching statements encompass statements herein with respect to the a hit execution of the company's business method. The enterprise's actual results may fluctuate materially from those predicted in these ahead-looking statements on account of a number of factors. Such dangers and uncertainties consist of, among different things, our capability to establish and preserve the proprietary nature of our expertise throughout the patent system, in addition to our capacity to possibly license from others patents and patent purposes fundamental to boost products; the provision of financing; the business's skill to enforce its long range marketing strategy for quite a few applications of its know -how; the company's potential to enter into agreements with any fundamental marketing and/or distribution partners; the affect of competition, the acquiring and upkeep of any fundamental regulatory clearances relevant to functions of the enterprise's know-how; and management of boom and other risks and uncertainties that could be special from time to time within the enterprise's reviews filed with the Securities and trade fee.

NXT- identification Inc Contact:

corporate information: data@nxt-identity.com

Media:

D. Van Zant+1-800-665-0411press@nxt-id.com

source NXT-identification, Inc.

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