BOSTON - April 13, 2016 (Investorideas.com Newswire) SoundView Technology Group (http://soundview.co) releases the following market and company update for NXT-ID, Inc. (NASDAQ:NXTD).
A FOCUSED B2B2C TECHNOLOGY PLAY IN SECURITY
KRIS TUTTLE: APRIL 12, 2016
NXT-ID has brought the elements of their strategy together to provide technology to larger organizations needing strong solutions in security, privacy, authentication and payments. Although the company has taken flack for not conquering the world with their Wocket digital wallet last year, these large deals and the strategy would not have been possible without the pioneering work that went into shipping a working if not perfect product.
Investors in NXT-ID should consider the following:
1. Replay link: http://edge.media-server.com/m/p/c8nomvhy or see a full transcript (PDF): http://s3.amazonaws.com/PUBLISHED/NXT-ID_Investor_Update_Transcript_and_Slides_April_2016.pdf
Given the large and expanding market opportunity, existing alliances, additional agreements pending, a strong management team and the potential for M&A, the stock at $0.50 looks very attractive.We expect management will execute and later this year reach a "market value" for the company of $2.50 to $3.50/share.
The WorldVentures deal for NXT-ID is a game changer. The stock ran up to $1 on the announcement and three months in the shares have retraced to $0.50 despite being much closer to realizing the benefits from the deal. At the same time, the company has been advancing their dialog with other companies for which the NXT-ID technology is an obvious fit.
The deal also de-risks the story by a fair amount. The product still has to be delivered in volume, but so far the progress has been good and is on schedule. We acknowledge that there is always a possibility that things will slip, but it's far from an "invention needed" type of situation.
At least one additional deal is highly probable in 2016, and two or more are possible. That would put NXT-ID in a very comparable position to LoopPay and other technology properties that have been acquired. Based on prior deals, that would suggest something on the order of $150 to $250M versus the current $50M market value.
Read the full report: http://s3.amazonaws.com/Published_Research/NXT-ID_SV_NOTE_APRIL_2016_Final.pdf
ABOUT SOUNDVIEW RESEARCH
SoundView conducts independent research - mostly on emerging technologies. We like thematic-driven companies where technology is involved and use analysis to identify the most promising investment opportunities.
Our business model is combination of subscription fees along with some direct investments and advisory fees. We measure our success by the quality of our analysis, accuracy of the conclusions and the size and influence of our audience. We apply our own proven approach to valuation that we call intrinsic value (IV) for informing investment decisions and optimizing portfolio management.
SoundView serves as a strategic advisor to NXT-ID and provides advisory and other services to the company including strategy advice, company positioning, investor communication methods and ongoing technology and market research. SoundView employees do not have positions or other vested interest in NXT-ID stock. Additional disclosures at: http://s3.amazonaws.com/Published_Research/NXT-ID_SV_NOTE_APRIL_2016_Final.pdf.
SoundView Technology Group
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Disclosure: As of October 1, 2015 NXT-Id renewed for one year –five thousand per month and fifteen thousand 144 restricted shares for PR, media and marketing http://www.investorideas.com/About/News/Clientspecifics.asp
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