IDEX Issues Q2 and First Half Update for 2017

“The trend toward in-display fingerprint sensors on mobile devices also presents “unique opportunities for using the IDEX off-chip sensor,” according to the report.”

IDEX has issued its Q2 and first half update for 2017.

IDEX Issues Q2 and First Half Update for 2017The quarter saw revenues of NOK 4.7 million, compared to NOK 14.1 million in Q2 of 2016. Looking to the full six months of the first half of 2017, IDEX brought in NOK 11.5 million in revenues, compared to NOK 17.7 million in the first half of 2016.

The numbers appear to depict the end of an upswing in IDEX’s Q1 report, but the company remains upbeat with respect to future prospects, with numerous important developments building toward a payoff that is still pending. Mastercard’s use of IDEX technology in its new biometric payment cards was revealed this past spring, for example; but a commercial roll-out is slated for late 2017, according to IDEX. And while IDEX has received an initial order for its smart card sensor, the company says it “expects several additional customers to commence sampling during the second half of 2017.”

The trend toward in-display fingerprint sensors on mobile devices also presents “unique opportunities for using the IDEX off-chip sensor,” according to the report.

Accordingly, the company continues to foster excitement and commitment internally with share incentive programs, with IDEX’s Board of Directors having decided this week to issue 4,435,000 incentive subscription rights to select staff. Five-hundred eighty-thousand have gone to CEO Hemant Mardia, while 415,000 subscription rights each were granted to CFO Henrik Knudtzon and Chief Products Officer Stan Swearingen, among other allocations.

(Originally posted on FindBiometrics)