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#Tech News: NXT-ID, Inc. (NASDAQ: $NXTD): NXTD-US: Earnings Analysis: Q3, 2016 By the Numbers : January 17, 2017

By CapitalCube

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD)

 

January 17, 2017 (Investorideas.com Newswire) NXT-ID, Inc. (NASDAQ:NXTD) (NXTDW) ("NXT-ID" or the "Company") reports financial results for the quarter ended September 30, 2016. Highlights Summary numbers: Revenues of USD 3.09 million, Net Earnings of USD -2.45 million. Gross margins widened from -35.27% to 43.50% compared to the same period last year, operating (EBITDA) margins now -31.99% from -706.90%. Change in operating cash flow of 106.61% compared to same period last year is about the same as change in earnings, likely no significant movement in accruals or reserves. Earnings growth from operating margin improvements as well as one-time items. The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth: Access our Ratings

Nxt-ID, Inc. reports financial results for the quarter ended September 30, 2016.

Highlights

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:


Market Share Versus Profits


Compared to the same period last year, NXTD-US's change in revenue was close to the amount of its change in earnings. It remains to be seen how the rest of its peer group's results will turn out and if NXTD-US's performance is a sign of any major shift in the composition of market share in this sector. Also, for comparison purposes, revenues changed by 7,936.15% and earnings by 2.47% compared to the previous period.

Earnings Growth Analysis

The company's earnings growth was influenced by year-on-year improvement in gross margins from -35.27% to 43.50% as well as better cost controls. As a result, operating margins (EBITDA margins) rose from -706.90% to -31.99% compared to the same period last year. For comparison, gross margins were -66.30% and EBITDA margins were -5,832.16% in the last reporting period.

Cash Versus Earnings – Sustainable Performance?

NXTD-US's year-on-year change in operating cash flow of 106.61% is around its change in earnings. This suggests that there are likely no significant movement in accruals or reserves for managing earnings this period.

Margins

The company's earnings growth has also been influenced by the following factors: (1) Improvements in operating (EBIT) margins from -718.32% to -38.70% and (2) one-time items. The company's pretax margins are now -78.96% compared to -847.42% for the same period last year.


Company Profile

Nxt-ID, Inc. is a technology company. It is focused on products, solutions, and services for security on mobile devices. The company was founded by Gino Miguel Pereira and David Charles Tunnell on February 8, 2012 and is headquartered Melbourne, FL.

CapitalCube does not own any shares in the stocks mentioned and focuses solely on providing unique fundamental research and analysis on approximately 50,000 stocks and ETFs globally. Try any of our analysis, screener or portfolio premium services free for 7 days. To get a quick preview of our services, check out our free quick summary analysis of NXTD-US.

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