• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

NEXT Biometrics Announces Second Quarter Results

August 26, 2016

NEXT Biometrics has announced its results for the second quarter of this year.

NEXT Biometrics Announces Second Quarter Results Operating revenues were way up, at NOK 26.6 million, compared to NOK 5.1 million in Q1 and NOK 0.3 million in Q2 of 2015. NEXT attributes the growth primarily to increases in its fingerprint sensor shipments.

Despite the jump in revenues, NEXT saw a net loss for the quarter, at NOK 51.4 million, compared to losses of NOK 49.5 million in Q1 and NOK 24.5 million in Q2 of 2015. Part of the loss can be attributed to the initial production costs of its new sensor models; in a statement announcing its results, NEXT said these costs are “one-offs or temporary and do not provide a clear and relevant indication of cost of goods sold”.

Commenting on the corporate results, CEO Tore Etholm-Idsøe emphasized the transitional nature of the company’s recent activities, asserting that fingerprint sensor volumes have been growing substantially while production costs are being combatted. “All costs related to Q2-transition to new products and volume ramp-up have been booked in this quarter,” he said, adding that with the development of an industry-leading ISO-compliant flexible sensor, NEXT is ready to attack the smart card market, which “is now the primary focus” for the company.

 

(Originally posted on FindBiometrics)

Filed Under: Industry News

Related News & Articles

Gemalto Shareholders Accept Thales’ Acquisition Offer

FPC, Precise Biometrics Tech Returns in New Gionee Device

Trusona’s Windows 10 Update Helps Enterprises Ditch Passwords

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi's product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • FCC Tells Apple and Google to Get Rid of TikTok
  • Yubico Offers Subscriptions Through AWS Marketplace
  • Saskatchewan Privacy Commissioner Urges Development of Optional Digital ID
  • Wearable Authentication Company Closes $13 Million Funding Round
  • Fobi and Barnet Unveil New Digital Wallet Loyalty Solution

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 MobileIDWorld