NEXT Biometrics CEO Ritu Favre on a year of scaling and a pivot

Ritu Favre’s career as NEXT Biometrics CEO has been marked by a combination of accelerating change and persistent continuity, as she nears one year in charge of the company in February, 2018. The company has made a series of announcements, introducing new executives, products, and partnerships. It has also pursued two markets, government ID and biometric smartcards, which follow longer time cycles, paving the way for future revenues. NEXT has carried out these projects as it pivots from a technology

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. Yet another major data breach has come to light. The latest announcement comes from governance-challenged, ride-hailing service Uber, which admitted it lost massive amounts of use data in a hack that occurred months ago. The

Fujitsu selects NEXT Biometrics fingerprint sensors for notebooks and tablets

Fujitsu Client Computing Limited has implemented NEXT Biometrics fingerprint sensors in consumer and commercial notebook and tablet products. NEXT has delivered the initial volumes and expects the volumes to increase over the coming months. “Fujitsu’s extensive testing regime has yet again confirmed the fundamental importance of sensor size,” remarked Ritu Favre, CEO of NEXT Biometrics. “Suppliers targeting to offer security and convenience for close to 100% of a population simply cannot compromise on size.” “After extensive testing of a range

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

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 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

NEXT Biometrics reports Q1 2017 financial results with US$2.9M in revenues

NEXT Biometrics reported its interim results for Q1 2017, in which the company saw revenues of NOK 24.1 million (US$2.9 million). This represents a significant rise compared to NOK 5.2 million (US$0.6 million) in Q1 2016, but fell short of the NOK 31.8 million (US$3.8 million) it reported in Q4 2016. Meanwhile, the company saw a net loss of NOK -44.3 million (-US$5.3 million), compared to a net loss of NOK -47.2 million (-US$5.6 million) in Q4 2016 and NOK

Suitcase features NEXT Biometrics’ fingerprint sensor for access control

NEXT Biometrics revealed that one of its customers will be launching a suitcase that features an integrated NEXT fingerprint sensor for secure locking and unlocking. The company described the suitcase as “packed with technology” explaining that it features smartphone alert functionality, an alarm, GPS-tracking, a built in weight scale, a smartphone charger and a bluetooth speakerphone. “The suitcase featuring a NEXT sensor is an innovative solution that illustrates the creativity out there,” commented NEXT CEO Ritu Favre. “It´s a natural