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NEXT Biometrics Group ASA — Earnings Release 2017
Nov 14, 2017
3671_rns_2017-11-14_da4bacc7-4bde-4956-bcfa-442360713087.html
Earnings Release
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NEXT Biometrics Group ASA interim report as at 30 September 2017
NEXT Biometrics Group ASA interim report as at 30 September 2017
Highlights
-Revenue of NOK 25.4 million vs NOK 24 million in Q2-17
-Gross margin improved to -4% in Q3-17
-Commenced production shipments of NB-2034-S2 to US Tier 1 notebook manufacturer in October
-Began commercial volume shipments to Fujitsu, a Tier 1 Japanese notebook manufacturer in October
-On track to reach target of positive gross margin by Q1-18
-Announced casino smart card deal with First Biometrics
-Achieved milestone of 3 million sensors shipped during October
NEXT CEO Ritu Favre comment:
"We have achieved a number of important product development milestones and see growing market interest for our proprietary large cost-efficient flexible fingerprint sensors. We now have mass-production capacity firmly established for both flexible and rigid fingerprint sensors, confirming our leading technological platform and positioning us in the forefront of the security critical segments of the biometrics market. We are confident in our ability to achieve profitable revenue growth within our targeted markets of Smart Cards, Government ID, Notebooks and Access Control," said Ritu Favre, the CEO of NEXT Biometrics Group ASA.
ABOUT NEXT Biometrics:
Enabled by its patented NEXT Active Thermal principle, NEXT Biometrics (www.nextbiometrics.com) offers large high-quality area fingerprint sensors in both rigid and flexible formats. The sensors are can be implemented in a widerange of product formats, including smartcards, notebooks, time & attendance,usb-sensors, smartcard readers, secure tokens and access control systems and many more are targeted.
NEXT Biometric Group ASA is a publicly listed company headquartered in Oslo, Norway and with sales, support and development subsidiaries in Seattle, SiliconValley, Taipei, Prague and Shanghai.
Media and Investor contacts for NEXT Biometrics:
Ritu Favre (CEO), [email protected]
Knut Stålen (CFO), [email protected]