FB pixel

NEXT Biometrics reports improved gross margins and revenue

 

NEXT Biometrics has issued the interim results for Q3 2017, with improved gross margins and revenue, and results for the first nine months ended September 30, 2017.

The company’s Q3 revenue increased to NOK 25.4 million (US$3.1 million) compared to NOK 24 million (US$2.9 million) in Q2 2017. Meanwhile, the company’s gross margin improved to -4 percent in Q3 2017.

In October, the company began production shipments of NB-2034-S2 fingerprint sensor to US Tier 1 notebook manufacturer, as well as commercial volume sensor shipments to Fujitsu.

Other highlights include NEXT Biometrics being on track to reach target of positive gross margin by Q1 2018, securing a casino smart card agreement with First Biometrics, and achieving a milestone of 3 million sensors shipped.

“At NEXT we see market opportunity for our large cost-efficient flexible fingerprint sensors as the biometrics market matures and we develop our unique technology,” NEXT Biometrics CEO Ritu Favre said. “We reached an important milestone in the second quarter with mass-production capacity firmly established for both flexible and rigid fingerprint sensors.”

Last month, NEXT Biometrics received the Frost & Sullivan 2017 European Enabling Technology Leadership Award for its achievements in fingerprint sensor technology. At the time, the global research firm noted that NEXT “is poised to grab significant market share.”

Article Topics

 |   |   | 

Latest Biometrics News

 

SITA wraps up acquisition of Materna IPS

SITA reports it has completed all necessary regulatory and legal procedures and finalized its acquisition of Materna IPS, a provider…

 

Payface lands new retail biometric payments deal in Brazil

Brazilian face biometrics payments startup Payface has clinched a deal with supermarket chain Ítalo. Ítalo Supermercados, based in the southern…

 

EU to fund digital programs with €108m, including digital identity

The European Union has issued a new call for funding within the Digital Europe Programme (DIGITAL), allocating over 108 million…

 

Lawmakers try again to kill diversion of TSA screening tech funds

Because of Washington partisan politics, the U.S. Transportation Security Administration (TSA) doesn’t expect to be able to field upgraded and…

 

Florida tosses mDL program into the Gulf

Florida’s mobile driver’s license has been shut down, making the state a rare case in the world of a place…

 

FBI biometric fingerprint lab gets a party on its 100th birthday

The Federal Bureau of Investigation (FBI) is celebrating the centennial of its fingerprint lab. A release from the agency says…

Comments

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events