NXT-ID, Inc. ( $NXTD) Announces Results for the Quarter Ended March 31, 2017
MELBOURNE, Florida, May 16, 2017 – (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:NXTD) ("NXT-ID" or the "Company"), a security technology company, is pleased to report its financial and operating results for the first quarter ended March 31, 2017.
Gino Pereira, Chief Executive Officer of NXT-ID said, “This quarter is a milestone for the Company with significant revenue growth due to LogicMark’s sales in the personal emergency response (PERS) market and significant shipments of the Flye smart card to World Ventures Holdings (“WVH”), a related party, in anticipation of their roll-out to their global membership. In addition, the Company had operating income of $1,066,902 which resulted primarily from the strong gross profit margin earned on both the LogicMark sales and the Flye smart card sales to World Ventures”.
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