NXT-ID (NXTD) Research Note Update from SoundView; New Funding Keeps Wocket Rolling
We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from
NEW FUNDING KEEPS WOCKET ROLLING
Company Update
But Apple Pay is only for digital payments and doesn't cover other aspects of wallets (prepaid cards, loyalty cards, etc.) plus it's limited to iPhone and
We know that the NXT-ID Wocket is the best smart wallet we have seen so far and they are now on course to penetrate this market and grow volumes in 2015. It's easy to find sexy alternatives with slick videos like Coin but after the hype fades the company fails to ship and soon disappears. There are a million miles between a video demo and a shipping product at scale that consumers love.
What we don't know yet is how steep the adoption curve of the Wocket will be and how well
Conclusion
With several positive catalysts ahead and a notable stock drop on fears that the financing would not be done give investors an opportunity here. We have adjusted our IV model to account for meaningful revenues coming in 2015 rather than late 2014. The impact is to take our 2015 IV from
Our full update is available for download here: http://s3.amazonaws.com/PUBLISHED/NXT-ID_NXTD_SV_Update_Report_Sept_2014_PUB.pdf
About
We are an independent advisory and research firm specializing in emerging technologies as they reach commercialization. Our proprietary research and modeling work provides valuable information for company management teams and investors in these emerging opportunities. We regularly publish our findings across a variety of channels including all the major retail and institutional information outlets. SoundView is based in
Disclosures
SoundView analysts do not receive compensation for their research opinions, any specific views or conclusions. They are tasked to provide fact-based research with sound analysis. SoundView does not provide investment advice or make "buy/sell/hold" recommendations. Nor do we provide investment banking or brokerage services. We act as a publisher of our own research work and are responsible for all content which is correct to the best of our abilities but by no means should it be relied upon without further validation and confirmation. SoundView provides paid advisory services
Any questions please contact:
Director of Research
SoundView Technology Group
kris@soundview.co
617-828-6462
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