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NXT-ID

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uuid00069do

Namestring
NXT-ID
Legal namestring
LogicMark, Inc.
Websiteurl
nxt-id.com
Company typeenum
Private
Founded yearint
2007
Descriptiontext

NXT-ID (NASDAQ: NXTD) is a U.S.-based public company whose principal operating business is LogicMark, a manufacturer and seller of medical alert devices and Personal Emergency Response Systems (PERS) headquartered in Louisville with operations dating to 2007. LogicMark's product portfolio spans four core SKUs — Freedom Alert (landline, unmonitored), Guardian Alert 911 Plus (4G mobile with patented fall detection), Freedom Alert Mini (monitored mobile with GPS and geofencing), and Freedom Alert Max (monitored with caregiver video and 988 crisis hotline integration). Underlying technology combines cellular (4G LTE), GPS, sensor-based fall detection, two-way voice, and U.S.-based 24/7 monitoring services delivered through an in-house or partner operations center.

The company monetizes through a hybrid model: one-time hardware sales for unmonitored devices and recurring monthly subscriptions for monitored devices, sold via three primary go-to-market motions — enterprise B2B sales to healthcare providers, senior living facilities, and government agencies; a wholesale dealer/reseller network; and direct-to-consumer e-commerce. A long-tenured U.S. General Services Administration contract (47QSWA21D005Z, valid through July 2031) underwrites a federal/VA distribution channel that has been built over 18+ years of VA service and supports a free-device program for eligible veterans. Customer concentration is anchored in three named verticals: Veterans Affairs, Home Healthcare Providers, and Senior Living Facilities, all U.S.-domestic.

NXT-ID acquired LogicMark in 2016 and Fit Pay in 2017, with $16M of disclosed growth capital led by Sagard in 2018. Current leadership is small (CTO, CFO, VP Engineering identified) with 11-50 employees firmographically, no disclosed revenue, and operations confined to the United States. The business is a niche hardware-plus-recurring-services franchise rather than a high-growth technology platform, with competitive positioning derived from federal procurement access, patented fall detection, and veteran-segment brand trust rather than from AI or software-native differentiation.

Short descriptiontext

NXT-ID (NASDAQ: NXTD) operates LogicMark, a U.S. medical alert device and PERS company serving Veterans Affairs, home healthcare providers, and senior living facilities via hardware sales and 24/7 monitoring subscriptions distributed through GSA, dealer, and e-commerce channels.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLouisville, United States
HQ citystring
Louisville
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
medical alert devices, personal emergency response, fall detection technology, senior safety solutions, healthcare monitoring systems
NAICS code2 codes
  • Security Systems Services (except Locksmiths)561621
  • Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds524292
SIC code2 codes
  • Services-Computer Programming, Data Processing, Etc.7370
  • Computer Terminals3575
Product category
Medical Alert Devices / Personal Emergency Response Systems (PERS)
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model2 records
1Medical Alert Device Hardware Sales
TypeHardware Sales
Description

Sale of medical alert devices including Freedom Alert (landline), Guardian Alert 911 Plus (4G mobile), Freedom Alert Mini, and Freedom Alert Max. Some products have no monthly fees (unmonitored), while others include monitoring services.

logicmark.com
2Monitoring Services
TypeSubscription Recurring
Description

24/7 U.S.-based monitoring services offered with select devices. Monitoring professionals assess situations, provide reassurance, and dispatch appropriate help.

logicmark.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Pricing details4 tiers
1Freedom Alert - No Monthly Fees
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Landline-based home solution with Direct-to-911, caregiver connectivity, and two-way voice communication. No monitoring fees.

logicmark.com
2Guardian Alert 911 Plus - Low cost 4G solution
ModelOne time/ perpetual licenseBilling cadencePay-as-you-go
Notes

Mobile solution with patented fall detection, 4G LTE connection, and two-way voice. Entry-level monitoring optional.

logicmark.com
3Freedom Alert Mini - Full features with monitoring
ModelSubscriptionBilling cadenceMonthly
Notes

Includes all Guardian Alert features plus 24/7 U.S.-based monitoring, geofencing, GPS tracking, and caregiver companion app.

logicmark.com
4Freedom Alert Max - Cell phone with emergency features
ModelSubscriptionBilling cadenceMonthly
Notes

All Freedom Alert Mini features plus emergency caregiver video, pre-programmed contacts, and 988 crisis lifeline access.

logicmark.com
GTM typeB2B and B2C
B2B and B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

LogicMark, a subsidiary of publicly traded NXT-ID (NASDAQ:NXTD), manufactures and sells medical alert devices and Personal Emergency Response Systems (PERS) for seniors, veterans, and at-risk individuals. Its product line includes landline and 4G LTE mobile devices with patented fall detection, GPS tracking, geofencing, two-way voice, and optional 24/7 U.S.-based monitoring services. The company sells through enterprise B2B channels (healthcare providers, senior living facilities, VA hospitals via GSA contract) and direct-to-consumer e-commerce.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 2 values shown
  • Veterans can receive FREE medical alert devices through VA hospitals
+1 more record
Product overview1 text field

LogicMark offers a portfolio of medical alert devices and Personal Emergency Response Systems (PERS) designed for seniors and individuals requiring emergency assistance. The product lineup ranges from basic landline solutions (Freedom Alert) to advanced mobile devices with comprehensive monitoring features. The portfolio includes: Freedom Alert (landline-based, unmonitored), Guardian Alert 911 Plus (4G mobile with fall detection), Freedom Alert Mini (mobile with monitoring and GPS tracking), and Freedom Alert Max (cell phone with video and crisis hotline access). Products are designed for Veterans Affairs, home healthcare providers, and senior living facilities.

Product and service4 records
1Freedom Alert
CategoryMedical Alert Devices
Description

Home-based landline medical alert solution for clients with little to no cell coverage. Features direct-to-911 connectivity, caregiver connection, two-way voice communication, unmonitored operation, and no monthly fees. Designed for seniors and individuals living at home without mobile network access.

2Guardian Alert 911 Plus
CategoryMedical Alert Devices
Description

Low-cost 4G LTE mobile medical alert solution featuring patented fall detection, direct-to-911, two-way voice communication, and unmonitored operation with no monthly fees. Targets active seniors and on-the-go users needing mobile emergency response.

3Freedom Alert Mini
CategoryMedical Alert Devices with Monitoring
Description

Mobile medical alert device that includes all Guardian Alert 911 Plus features plus 24/7 U.S.-based monitoring, patented fall detection, geofencing, GPS tracking, 4G LTE connectivity, two-way voice communication, and a caregiver companion app. Subscription-based offering for seniors requiring continuous monitoring.

4Freedom Alert Max
CategoryMedical Alert Devices with Monitoring
Description

Cell-phone medical alert device including all Freedom Alert Mini features plus exclusive emergency caregiver video for fall validation, pre-programmed contacts, and direct 988 Crisis & Suicide Lifeline access. Designed for high-need users including those with PTSD, depression, or other mental health challenges.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeOthers
Description

LogicMark is a GSA-approved supplier and federal contract holder under Contract Number 47QSWA21D005Z. This enables government agencies, VA hospitals, and veteran service organizations to procure LogicMark medical alert devices through official government procurement channels.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

One of the largest US direct-to-consumer medical alert providers offering landline, mobile, and smartwatch-based PERS with fall detection and 24/7 monitoring. Directly comparable product lineup and target customer (seniors and families) to LogicMark.

TypeDirect peer
Description

Long-standing US medical alert company offering in-home and mobile PERS with fall detection and monitored emergency response. Directly comparable category, customer base, and pricing approach to LogicMark's Freedom Alert and Guardian Alert product lines.

TypeDirect peer
Description

Provider of mobile and home-based medical alert systems with GPS, fall detection, and 24/7 monitoring sold direct-to-consumer and through healthcare partners. Directly comparable to LogicMark's 4G LTE mobile PERS products.

TypeBroad incumbent
Description

The original PERS brand now owned by Philips, offering home, mobile, and fall-detection alert services. A broad incumbent with overlapping PERS capabilities and established healthcare relationships, comparable to LogicMark's senior living and home healthcare channels.

TypeDirect peer
Description

US medical alert company offering in-home, mobile, and smartwatch PERS with fall detection and US-based monitoring. Directly comparable product portfolio and target customer to LogicMark.

TypeEmerging player
Description

Smart-hub-based elder care solution with fall detection, voice-activated emergency response, and caregiver app. Comparable to LogicMark's Freedom Alert Max on smart features (voice, video, caregiver connectivity) but differentiated by a hub-based architecture.

TypeDirect peer
Description

Senior-focused mobile phone and PERS provider offering Jitterbug devices, urgent response service, and fall-detection accessories. Comparable to LogicMark's mobile/4G PERS line and senior consumer target.

TypeDirect peer
Description

Large US PERS and remote patient monitoring provider serving healthcare organizations, payers, and consumers. Directly comparable to LogicMark's enterprise healthcare and senior living go-to-market and product breadth.

TypeDirect peer
Description

US medical alert provider offering in-home, mobile GPS, and smartwatch PERS with optional fall detection and 24/7 monitoring. Directly comparable product mix, distribution (DTC + partners), and target market to LogicMark.

TypeBroad incumbent
Description

National security and home services incumbent that markets medical alert and personal emergency response products alongside intrusion and home security. Comparable to LogicMark as a broad home-safety provider with overlap in emergency response and senior safety.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

NXT-ID

Medical Alert Devices / Personal Emergency Response Systems (PERS)nxt-id.com

NXT-ID (NASDAQ: NXTD) operates LogicMark, a U.S. medical alert device and PERS company serving Veterans Affairs, home healthcare providers, and senior living facilities via hardware sales and 24/7 monitoring subscriptions distributed through GSA, dealer, and e-commerce channels.

What NXT-ID does

NXT-ID (NASDAQ: NXTD) is a U.S.-based public company whose principal operating business is LogicMark, a manufacturer and seller of medical alert devices and Personal Emergency Response Systems (PERS) headquartered in Louisville with operations dating to 2007. LogicMark's product portfolio spans four core SKUs — Freedom Alert (landline, unmonitored), Guardian Alert 911 Plus (4G mobile with patented fall detection), Freedom Alert Mini (monitored mobile with GPS and geofencing), and Freedom Alert Max (monitored with caregiver video and 988 crisis hotline integration). Underlying technology combines cellular (4G LTE), GPS, sensor-based fall detection, two-way voice, and U.S.-based 24/7 monitoring services delivered through an in-house or partner operations center.

The company monetizes through a hybrid model: one-time hardware sales for unmonitored devices and recurring monthly subscriptions for monitored devices, sold via three primary go-to-market motions — enterprise B2B sales to healthcare providers, senior living facilities, and government agencies; a wholesale dealer/reseller network; and direct-to-consumer e-commerce. A long-tenured U.S. General Services Administration contract (47QSWA21D005Z, valid through July 2031) underwrites a federal/VA distribution channel that has been built over 18+ years of VA service and supports a free-device program for eligible veterans. Customer concentration is anchored in three named verticals: Veterans Affairs, Home Healthcare Providers, and Senior Living Facilities, all U.S.-domestic.

NXT-ID acquired LogicMark in 2016 and Fit Pay in 2017, with $16M of disclosed growth capital led by Sagard in 2018. Current leadership is small (CTO, CFO, VP Engineering identified) with 11-50 employees firmographically, no disclosed revenue, and operations confined to the United States. The business is a niche hardware-plus-recurring-services franchise rather than a high-growth technology platform, with competitive positioning derived from federal procurement access, patented fall detection, and veteran-segment brand trust rather than from AI or software-native differentiation.

NXT-ID firmographics

Firmographics
Name
NXT-ID
Legal name
LogicMark, Inc.
Website
https://nxt-id.com
Company type
Private
Founded year
2007
Operating status
Operating
Headcount range
11–50 employees
Short description
NXT-ID (NASDAQ: NXTD) operates LogicMark, a U.S. medical alert device and PERS company serving Veterans Affairs, home healthcare providers, and senior living facilities via hardware sales and 24/7 monitoring subscriptions distributed through GSA, dealer, and e-commerce channels.
Ownership category
akta.pro rank

Where NXT-ID is headquartered

Location

Headquarters

HQ city
Louisville
HQ country
United States
HQ region
North America

Markets served

NXT-ID business model

Business model
GTM type
B2B and B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

  1. Medical Alert Device Hardware Sales: Sale of medical alert devices including Freedom Alert (landline), Guardian Alert 911 Plus (4G mobile), Freedom Alert Mini, and Freedom Alert Max. Some products have no monthly fees (unmonitored), while others include monitoring services.
  2. Monitoring Services: 24/7 U.S.-based monitoring services offered with select devices. Monitoring professionals assess situations, provide reassurance, and dispatch appropriate help.

Pricing tiers

ModelBillingPrice
One time/ perpetual licensePay-as-you-goFreedom Alert - No Monthly Fees
One time/ perpetual licensePay-as-you-goGuardian Alert 911 Plus - Low cost 4G solution
SubscriptionMonthlyFreedom Alert Mini - Full features with monitoring
SubscriptionMonthlyFreedom Alert Max - Cell phone with emergency features

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

NXT-ID product offering

Product offering

Core offering

LogicMark, a subsidiary of publicly traded NXT-ID (NASDAQ:NXTD), manufactures and sells medical alert devices and Personal Emergency Response Systems (PERS) for seniors, veterans, and at-risk individuals. Its product line includes landline and 4G LTE mobile devices with patented fall detection, GPS tracking, geofencing, two-way voice, and optional 24/7 U.S.-based monitoring services. The company sells through enterprise B2B channels (healthcare providers, senior living facilities, VA hospitals via GSA contract) and direct-to-consumer e-commerce.

Product overview

LogicMark offers a portfolio of medical alert devices and Personal Emergency Response Systems (PERS) designed for seniors and individuals requiring emergency assistance. The product lineup ranges from basic landline solutions (Freedom Alert) to advanced mobile devices with comprehensive monitoring features. The portfolio includes: Freedom Alert (landline-based, unmonitored), Guardian Alert 911 Plus (4G mobile with fall detection), Freedom Alert Mini (mobile with monitoring and GPS tracking), and Freedom Alert Max (cell phone with video and crisis hotline access). Products are designed for Veterans Affairs, home healthcare providers, and senior living facilities.

Differentiator

Problem solved

Functional benefit

Products and services

  • Freedom Alert Home-based landline medical alert solution for clients with little to no cell coverage. Features direct-to-911 connectivity, caregiver connection, two-way voice communication, unmonitored operation, and no monthly fees. Designed for seniors and individuals living at home without mobile network access.
  • Guardian Alert 911 Plus Low-cost 4G LTE mobile medical alert solution featuring patented fall detection, direct-to-911, two-way voice communication, and unmonitored operation with no monthly fees. Targets active seniors and on-the-go users needing mobile emergency response.
  • Freedom Alert Mini Mobile medical alert device that includes all Guardian Alert 911 Plus features plus 24/7 U.S.-based monitoring, patented fall detection, geofencing, GPS tracking, 4G LTE connectivity, two-way voice communication, and a caregiver companion app. Subscription-based offering for seniors requiring continuous monitoring.
  • Freedom Alert Max Cell-phone medical alert device including all Freedom Alert Mini features plus exclusive emergency caregiver video for fall validation, pre-programmed contacts, and direct 988 Crisis & Suicide Lifeline access. Designed for high-need users including those with PTSD, depression, or other mental health challenges.

Quantifiable outcome

  • Veterans can receive FREE medical alert devices through VA hospitals
  • +1 more outcomes

Companies that use NXT-ID

Customer profile

Named customers4 records

Segments3 records

Ideal customer profiles4 records

NXT-ID technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

NXT-ID partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • U.S. General Services Administration (GSA)coreOthersLogicMark is a GSA-approved supplier and federal contract holder under Contract Number 47QSWA21D005Z. This enables government agencies, VA hospitals, and veteran service organizations to procure LogicMark medical alert devices through official government procurement channels.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

NXT-ID competitors and assessment

Company assessment

Direct peers

  • Medical Guardian: One of the largest US direct-to-consumer medical alert providers offering landline, mobile, and smartwatch-based PERS with fall detection and 24/7 monitoring. Directly comparable product lineup and target customer (seniors and families) to LogicMark.
  • Life Alert: Long-standing US medical alert company offering in-home and mobile PERS with fall detection and monitored emergency response. Directly comparable category, customer base, and pricing approach to LogicMark's Freedom Alert and Guardian Alert product lines.
  • MobileHelp: Provider of mobile and home-based medical alert systems with GPS, fall detection, and 24/7 monitoring sold direct-to-consumer and through healthcare partners. Directly comparable to LogicMark's 4G LTE mobile PERS products.
  • LifeStation: US medical alert company offering in-home, mobile, and smartwatch PERS with fall detection and US-based monitoring. Directly comparable product portfolio and target customer to LogicMark.
  • Lively (formerly GreatCall): Senior-focused mobile phone and PERS provider offering Jitterbug devices, urgent response service, and fall-detection accessories. Comparable to LogicMark's mobile/4G PERS line and senior consumer target.
  • Connect America: Large US PERS and remote patient monitoring provider serving healthcare organizations, payers, and consumers. Directly comparable to LogicMark's enterprise healthcare and senior living go-to-market and product breadth.
  • Bay Alarm Medical: US medical alert provider offering in-home, mobile GPS, and smartwatch PERS with optional fall detection and 24/7 monitoring. Directly comparable product mix, distribution (DTC + partners), and target market to LogicMark.

Broad incumbents

  • Philips Lifeline: The original PERS brand now owned by Philips, offering home, mobile, and fall-detection alert services. A broad incumbent with overlapping PERS capabilities and established healthcare relationships, comparable to LogicMark's senior living and home healthcare channels.
  • ADT (ADT Health): National security and home services incumbent that markets medical alert and personal emergency response products alongside intrusion and home security. Comparable to LogicMark as a broad home-safety provider with overlap in emergency response and senior safety.

Emerging players

  • Aloe Care Health: Smart-hub-based elder care solution with fall detection, voice-activated emergency response, and caregiver app. Comparable to LogicMark's Freedom Alert Max on smart features (voice, video, caregiver connectivity) but differentiated by a hub-based architecture.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

NXT-ID social profiles

Digital presence

NXT-ID compliance and trust

Trust signal

Compliance1 record

NXT-ID financial estimates

Financial estimate

Revenue estimate

Valuation estimate

NXT-ID leadership team

Management profile

Number of profiles

Profiles3 records

NXT-ID funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

NXT-ID M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NXT-ID

What does NXT-ID do?

LogicMark, a subsidiary of publicly traded NXT-ID (NASDAQ:NXTD), manufactures and sells medical alert devices and Personal Emergency Response Systems (PERS) for seniors, veterans, and at-risk individuals. Its product line includes landline and 4G LTE mobile devices with patented fall detection, GPS tracking, geofencing, two-way voice, and optional 24/7 U.S.-based monitoring services. The company sells through enterprise B2B channels (healthcare providers, senior living facilities, VA hospitals via GSA contract) and direct-to-consumer e-commerce.

Is NXT-ID a public or private company?

NXT-ID is a private company. It is classified as public and is currently operating.

When was NXT-ID founded?

NXT-ID was founded in 2007. It employs 11 to 50 people.

Where is NXT-ID based?

NXT-ID is headquartered in Louisville, United States, in the North America region.

How does NXT-ID make money?

Two revenue lines are on record. Medical Alert Device Hardware Sales are the primary driver. The others are monitoring Services.

Who are NXT-ID's main competitors?

Direct peers on record are Medical Guardian, Life Alert, MobileHelp, LifeStation, Lively (formerly GreatCall), Connect America and Bay Alarm Medical. Broad incumbents are Philips Lifeline and ADT (ADT Health). Aloe Care Health is listed as an emerging player.

Does NXT-ID have an API?

No public API is recorded for NXT-ID.

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Live signals
PR NewswireNXT-ID ANNOUNCES APPOINTMENT OF SHERICE TORRES TO COMPANY'S BOARD OF DIRECTORSNXT-ID, Inc. (NASDAQ: NXTD), a provider of personal emergency response systems (PERS), health communications devices, and IoT technology, has appointed Sherice Torres to its board of directors. Torres brings nearly 30 years of marketing experience from Google, Meta, and her current role as Chief Marketing Officer at Circle Internet Financial, LLC. The company stated the appointment will support its mission to innovate and grow in the PERS sector as the U.S. aging population is projected to double over the next several decades.PR NewswireNXT-ID Appoints Key Executives to Support Product Suite Development and Company GrowthNXT-ID appointed Mark Archer as Chief Financial Officer and Rafael Saavedra as VP of Engineering to join its leadership team and support product development for its IoT technology targeting seniors. Archer brings 30 years of CFO experience across consumer and technology companies, while Saavedra has over 20 years of experience building globally-distributed engineering teams and previously led connected car products at Harman International. The company is expanding beyond its personal emergency response systems (PERS) devices into software and personal safety services as it targets growth in the aging population market.PR NewswireAt 5.5% CAGR, Personal Emergency Response Systems Market Expected to Reach USD 8.20 Billion, globally by 2028, says Brandessence Market ResearchBrandessence Market Research published a report projecting the Personal Emergency Response Systems (PERS) market to grow from USD 5.64 billion in 2021 to USD 8.20 billion by 2028, at a compound annual growth rate of 5.5%. The report identifies an aging global population (projected to reach 1.5 billion people over 65 by 2050), rising chronic disease prevalence, and increasing demand for independent living solutions as key growth drivers. Notable development: NXT-ID received a US government contract in December 2021 to supply personal emergency response systems to veterans across the country.BenzingaNxt-ID Registers 10% Revenue Decline In Q3, Margin ShrinksNxt-ID Inc reported a 10% year-on-year revenue decline to $2.4 million for Q3 FY21, with gross margin contracting by 1,800 basis points to 53% due to a reserve for obsolete inventory. The company posted an EPS loss of $(0.12), though operating expenses were reduced to $1.8 million from $2.4 million in the prior year. CEO Chia-Lin Simmons announced the closure of the Connecticut corporate office, consolidating functions into the Louisville division as part of a cost rationalization effort.PR NewswireNxt-ID, Inc. Schedules Third Quarter 2021 Earnings Release and Conference CallNxt-ID, Inc. announced that its third quarter 2021 financial and operating results will be released before market opens on November 12, 2021, with a conference call hosted by CEO Chia-Lin Simmons and CFO Mark Archer scheduled for the same day. The earnings release and associated SEC filing links will be available on the company's investor relations website, and participants can join via webcast or telephone dial-in. The company provides personal emergency response systems, health communications devices, and IoT technology through its subsidiary LogicMark LLC.PR NewswireNxt-ID, Inc. Shares Letter With Shareholders Highlighting CEO's First 100 Days And Plans For Future GrowthNxt-ID, Inc. CEO Chia-Lin Simmons issued a letter to shareholders summarizing her first 100 days and urging them to vote 'FOR' reverse stock split proposals to prevent delisting from Nasdaq. The company, which provides healthcare technology products through its LogicMark subsidiary, faces an October 15, 2021 shareholder vote on the reverse splits affecting both common stock and Series C preferred stock. The company acknowledges having faced 'numerous operational and financial challenges over the last several years' as the backdrop for this restructuring effort.PR NewswireNxt-ID Sends Letter To Shareholders Urging Them To Vote "For" Reverse Stock SplitsNxt-ID, Inc. has sent a letter to shareholders urging them to vote 'FOR' reverse stock split proposals for both common stock and Series C preferred stock at a Special Meeting scheduled for October 15, 2021. The company needs shareholder approval to regain compliance with Nasdaq listing requirements and avoid delisting, which it warns could occur as soon as October 18, 2021. Without approval, Nxt-ID states it would lose access to capital markets and the value of its securities would be adversely affected.PR NewswireLeading Independent Proxy Advisory Firms Glass Lewis and ISS Both Recommend NXT-ID Shareholders Vote "FOR" Proposed Reverse Stock SplitsNXT-ID, Inc. announced that both Glass Lewis and ISS, leading independent proxy advisory firms, have recommended shareholders vote 'FOR' the proposed reverse stock splits of the company's common stock and Series C Preferred Stock at a special meeting scheduled for October 15, 2021. The reverse splits are intended to raise the per-share stock price and prevent delisting from the Nasdaq Capital Market, where the company's common stock recently closed at $0.39 per share. NXT-ID's board has unanimously supported the proposals, with CEO Chia-Lin Simmons stating that remaining listed on Nasdaq will provide shareholders access to future value creation and continued capital market opportunities.PR NewswireNxt-ID, Inc. Revises Date For Special Shareholder Meeting To Vote On Important Reverse Stock SplitNxt-ID, Inc. has rescheduled its special shareholder meeting to October 15, 2021, to vote on a reverse stock split for its Common and Series C Preferred Stock. The company aims to regain compliance with NASDAQ's minimum bid price requirement and avoid delisting, which would negatively impact market valuation and shareholder liquidity. Management urges shareholders to approve the proposal to maintain exchange listing status and facilitate future capital raises.PR NewswireThinking about buying stock in Camber Energy, NXT-ID, Globalstar, Sonim Technologies, or Hut 8 Mining?InvestorsObserver issued PriceWatch Alerts for the stocks of Camber Energy, NXT-ID, Globalstar, Sonim Technologies, and Hut 8 Mining. The alerts utilize a proprietary scoring methodology that evaluates short-term technical, long-term technical, and fundamental factors to determine investment suitability.