Nxt-ID (NASDAQ:NXTD) stock observed trading -52.91% off 52-week high price. On the other end, the stock has been noted 98.11% away from low price over the last 52-weeks. The stock disclosed a move of -2.96% away from 50 day moving average and -15.64% away from 200 day moving average. Moving closer, we can see that shares have been trading 9.24% off 20-day moving average. It has market cap of $28.05M.
Nxt-ID (NASDAQ:NXTD) disclosed the filing of its financial results for the year ended December 31, 2018. Management will host an investor webcast on Thursday, April 4th at 4:10 PM EST to discuss fourth quarter and full year 2018 results and to provide an update on the previously announced spin-off of its payments and credential management business.
As released previously on March 14, 2019, the 2018 year-end highlights include the following:
Revenue from continuing operations for year ended December 31, 2018 was approximately $17.1 million compared to approximately $16.0 million for the same period in 2017.
Year over year revenue growth was approximately 7%.
Gross profit from continuing operations for year ended December 31, 2018 was approximately $12.3 million compared to approximately $11.0 million for the same period in 2017.
Year over year gross profit growth was approximately 12%.
Operating expenses from continuing operations were approximately $11.7 million for year ended December 31, 2018 compared to approximately $13.1 million for the same period in 2017.
Operating income from continuing operations for year ended December 31, 2018 was approximately $0.6 million compared to an operating loss of approximately $(2.2) million for the same period in 2017.
“Our year-end 2018 filing confirmed our previously released results, which showed continued strong performance from LogicMark and our healthcare business,” said Gino Pereira, Chief Executive Officer of Nxt-ID. “We have made significant progress toward improving the profitability of our continuing operations by reducing our cost structure, maintaining our core VA business and expanding the channels for our personal emergency response system product offerings. As we move forward with the planned spin-off of our payments business, we continue build on the strengths of both healthcare and payments businesses to maximize value for our shareholders.”
The management team will host an investor webcast to discuss fourth quarter 2018 and full year financial results and the proposed spin-off. The webcast will commence April 4th at 4:10 PM EST. The webcast format will feature an overview from key management, followed by a Q&A session with analysts.
The USA based company Nxt-ID moved with change of -1.87% to $1.05 with the total traded volume of 1631899 shares in recent session versus to an average volume of 290.3K. The stock was observed in the 5 days activity at 17.19%. The one month performance of stock was 0.00%. NXTD’s shares are at 45.83% for the quarter and driving a -45.60% return over the course of the past year and is now at 54.41% since this point in 2018. Right now the stock beta is -1.46. The average volatility for the week and month was at 15.39% and 8.82% respectively. There are 26.71M shares outstanding and 21.13M shares are floated in market.
Category – Business
After many years in the market, Charles Frey dedicated all his time to write articles highlighting different financial problems. He has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years.
Charles holds a postgraduate degree in Software Engineering. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Charles is a share market expert, being personally invested for over 6 years. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
Address: 2520 North Van Buren Street, Wilmington, DE 19802, USA
Email: [email protected]
Zip code: 19802
Contact # 302-298-6858