Nxt-ID, Inc. (NASDAQ:NXTD) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
On July 31, 2017, Nxt-Id, Inc. (the “Company”) issued a press release (the “First Press Release”) announcing preliminary financial results for the six months and fiscal quarter ended June 30, 2017.A copy of the First Press Release is furnished herewith as Exhibit99.1.
The information set forth in Item 2.02 of this Form 8-K (including Exhibit 99.1) is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item7.01 Regulation FD Disclosure
On July 31, 2017, the Company issued a second press release (the “Second Press Release”) announcing that the Company would hold an investor webcast on Wednesday, August 2, 2017, to discuss quarterly earnings and provide a corporate update to shareholders. The webcast will be archived and available on the Company’s website for a limited time. A copy of the Second Press Release is furnished herewith as Exhibit 99.2.
The information set forth in Item 2.02 of this Form 8-K (including Exhibit 99.2) is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Exchange act, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth in this Item 2.02 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Forward-Looking Statements
Exhibits 99.1 and 99.2 each contain forward-looking statements regarding the Company, and include cautionary statements identifying important factors that could cause actual results to differ materially from those anticipated.
Please refer to the cautionary notes in the press releases regarding these forward-looking statements.
Item 2.02 Financial Statements and Exhibits.
(d)Exhibits.
Nxt-ID, Inc. ExhibitEX-99.1 2 f8k073117ex99i_nxtid.htm FIRST PRESS RELEASE DATED JULY 31,…To view the full exhibit click here
About Nxt-ID, Inc. (NASDAQ:NXTD)
Nxt-ID, Inc. is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. It intends to use its core biometric facial and voice recognition algorithms to develop security applications (both cloud based and locally hosted) that can be used for companies, as well as individuals, law enforcement, the defense industry, and the United States Department of Defense. Its offerings include Wocket, a physical electronic smart wallet; the NXT Smartcard, a standalone smartcard; Wi-Mag, an antenna and payment technology, and 3D FaceMatch and 3D SketchArtist facial recognition products.