Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Thursday was the 30th anniversary of the Great Market Crash of 1987 when the Dow registered its largest single-day decline ever. Markets sold off sharply the day before the anniversary, as well as Thursday morning.

NEXT Biometrics ships sensor number 3 million this week

NEXT Biometrics Group has shipped sensor number 3 million this week. According to a company statement, this demonstrates NEXT’s proven ability to consistently mass produce fingerprint sensors with industry normal yield figures. “Passing 3 million NEXT fingerprint sensors shipped, we have now over several quarters consistently demonstrated NEXT’s ability to mass produce high quality, mass market robust sensors at what has become very high yield rates,” explained NEXT CEO Ritu Favre. “The NEXT organization is continuing to focus on preparations

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Stock markets continue to trade at record highs. Financial analysts point out that broad market indexes have not suffered a decline of more than 3% since November of last year. The last time there was

MTRIX to sell NEXT Biometrics line of USB fingerprint peripherals

NEXT Biometrics Group and MTRIX, a German distributor of biometric authentication solutions, have signed a distribution agreement covering Germany, Austria and Switzerland. The agreement will see MTRIX sell the NEXT line of USB fingerprint peripherals, Oyster and Scallop, to its wide base of customers and partners targeting banking, insurance, point-of-sale and healthcare markets. “NEXT Biometrics has established itself as a leader in high performance, cost efficient fingerprint authentication. We are excited to be able to offer NEXT solutions for our

Biometrics industry stocks this week

As the biometrics industry continues to grow Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. The end of summer. Corporate North America is getting back to work. It will be interesting to see what happens on stock exchanges this fall as Wall Street traders return to their desks at the

NEXT Biometrics reports Q2 2017 results, CEO discusses strategic outlook

NEXT Biometrics Group ASA reported the interim results for Q2 2017 and H1 2017 ended June 30, 2017, while CEO Ritu Favre outlined NEXT’s strategic focus going forward. The company reported a revenue of NOK 24 million (US$3.1 million) in Q2 2017, compared to NOK 24.1 million (US$3.11 million) in Q1 2017. In H1 2017 operating revenue amounted to NOK 48.1 million  (US$6.2 million), compared NOK 31.8 million (US$4.1 million) in H1 2016. NEXT reported a net loss of NOK 41.9 million (US$5.4

NEXT Biometrics technology selected for new payment and identity card

NEXT Biometrics ISO-compliant, large flexible fingerprint sensor will be used in a new payment and identity card from First Biometrics. In a statement announcing the deal, Charles Gomez, CEO of First Biometrics, explained that while the smartcard is suited for a range of industries, they will initially focus on the hotel and casino industry where “multi-level authentication and client protection is of utmost importance”. NEXT CEO Ritu Favre added, “With proven manufacture-ability, reliability and security, NEXT’s sensor is a perfect

Arrow to sell NEXT Biometrics fingerprint authentication technology

NEXT Biometrics and Arrow Electronics have entered into a global distribution agreement for Arrow to sell NEXT fingerprint authentication technology. Arrow will sell NEXT products to its base of customers targeting applications including Internet Of Things and access control as well as personal authentication devices such as tokens, key fobs and other applications. NEXT is launching a range of reference designs and SDK solutions for mainstream embedded platforms to streamline product integration. “Signing the agreement with Arrow is an important

This week in biometrics industry stocks

As the biometric industry continues to grow BiometricUpdate is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. This year of 2017 has been a banner one for technology stocks. Nasdaq is still trading near the record high of just a month ago. The so-called FANG stocks (Facebook, Apple, Netflix and Google) have outperformed

NEXT Biometrics prepares to scale under new CEO

NEXT Biometrics is a familiar name in the fingerprint sensor market, having shipped its two millionth sensor in April, and with a company history that includes integration into Dell laptops, and its innovation of flexible fingerprint sensors to add biometric security to smartcards. The company has entered a new phase, however, led by new CEO Ritu Favre, and is preparing to leverage its extensive research and development by entering new market segments and scaling production. There are four markets NEXT