E NXT-ID’s Crypto Play Awaits Traction Amidst Delisting Warning

Despite trading above the $1 mark for some time earlier in the year, the stock has traded below it for more than 70 consecutive sessions, violating Nasdaq’s compliance policies, and warranting a delisting warning. The company has until later this year to get the stock price back above the dollar benchmark should it wish to stay on the exchange.

The argument can be made that the company, floundering in certain respects, needs to make a splash in order to survive in a meaningful way. While NXT-ID has been growing in some respects over the past few years, for example boosting its annual revenue from $7.74M in 2016 to $17.12M in 2018, having exposure to bitcoin could provide a much-needed lift to a company looking to stay relevant in the public markets. With that said, the volatile nature of bitcoin means the move doesn’t come without legitimate risks, both from financial and reputational standpoints, leaving NXT-ID in a position to greatly benefit from consumer adoption in cryptocurrency and mobile payment technology, while simultaneously opening up the door to a new host of challenges and risks.

Related article: Nxt-ID Gets A New Lease On Life

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Ayelet Wolf 4 months ago Member's comment

I like your articles, where can I read more by you?

Karen Klein 10 months ago Member's comment

Seems so odd for a medical company to move into crypto. Seems like everyone is getting on #crypto or #blockchain these days.

Wannabe Warren 1 year ago Member's comment

Great article on $NXTD. Would like you to investigate the following from a journalistic point of view. I’ve emailed the SEC asking them if the Form 10 was effective and they responded, yes 60 days after they filed on April 29th. Gino said on the last webcast they’d announce the spinoff after the SEC made registration statement effective. That’s complete according to an SEC attorney. What’s the hold up?

Mad About Money 1 year ago Member's comment

Seems like everyone and their grandma is getting into #crytocurrency or #blockchain these days!

Alpha Stockman 1 year ago Member's comment

Excellent read.

Currency Trader 1 year ago Member's comment

You make an excellent point - I often wondered why anyone would actually use #bitcoins to buy items (except for criminals of course), when it is so volatile. It reminds me of Germany's currency after World War I when people never knew how much their money would by the next day. #Facebook's #Libra is a stale coin which makes far more sense to me. Will $NCTD's Flip Pay be compatible with that?