Norway · Delayed Price · Currency is NOK NEXT Biometrics Group ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw increased design wins and business momentum, especially in India and MOSIP markets, despite revenue remaining subdued due to earlier market slowdowns. Gross margin improved to 69%, and financing activities strengthened liquidity, with market normalization and growth expected in 2026.
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Q3 revenue fell short due to Indian market disruptions and restated 2024 results, but gross margin improved to 51%. Inventory conversion and new design wins are expected to drive future growth, with cost-cutting and a NOK 20 million private placement supporting liquidity.
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Q2 results were impacted by market pauses in India and irregularities in China, leading to revenue restatements and lower sales. New product launches and design wins position the company for significant growth in H2, with expectations to be cash positive in Q4.
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Q1 revenue declined year-over-year due to India and China market slowdowns, but gross margin remained strong at 52%. Major new contracts, including a NOK 55–107 million deal, and product launches are expected to drive significant growth in H2 2025 and 2026.
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A new full-screen fingerprint authentication technology is being developed for high-end smartphones, targeting a 300 million unit annual market. The solution promises enhanced security, seamless usability, and is expected to launch commercially by 2027, with significant revenue potential.
Fiscal Year 2024
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Achieved 109% revenue growth in 2024, with strong gross margins and 18 new design wins. Q4 revenue declined year-over-year due to India and China market disruptions, but outlook remains positive with new products and expanded market reach expected to drive growth in 2025.
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Achieved record Q3 with 360% revenue growth year-over-year and gross margin rising to 52%. Expanded in China, India, and new markets, launched new government ID and high-security sensor products, and targets profitability in Q4 2024 with a robust revenue pipeline for 2025.
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Q2 revenue surged 150% year-over-year to NOK 18.3 million, with a record 57% gross margin and strong growth in China and India. Profitability is targeted for H2 2024, and the revenue pipeline exceeds NOK 500 million for the next 12–18 months.