Norway · Delayed Price · Currency is NOK IDEX Biometrics ASA Earnings Call Transcripts
Fiscal Year 2025
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Certified biometric access cards are now deployed with initial paid customers, following operational restructuring and cost reductions. The sales pipeline is growing, with international expansion planned and a focus on recurring revenue, though working capital remains a key risk.
Fiscal Year 2024
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Transformation program and capital raise strengthened finances, while Q3 saw limited revenue as the company focused on certifications and groundwork for future growth. Key milestones include Visa and Mastercard approvals, with product launches expected in 2025.
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Q2 revenue remained flat at $0.4M, with gross margin improving to 40% and operating expenses down 18% due to restructuring. All revenue now comes from new products, but geopolitical unrest in Bangladesh and Visa certification delays are impacting near-term growth.