“Looking ahead, IDEX says it has “several key upcoming milestones” in the pipeline, including the completion of several smart card trials…”
Norway-based fingerprint sensor specialist IDEX has issued a corporate update, announcing its Q4 and year-end results for 2016, and asserting in a statement that the year “marked the definitive commercial breakthrough” for the company.
Its revenues were way up. For the quarter, they reached NOK 12.5 million, compared against 0.2 million from Q4 of 2015. Revenues for the year totaled NOK 38.6 million, up from NOK 0.3 million the year before.
Losses were down, as well. The company recorded a net loss of NOK 44.6 million in Q4, against a loss of NOK 75.4 million the year before; and its net loss dropped from NOK 228.8 million in 2015 to NOK 203.3 million last year.
Looking ahead, IDEX says it has “several key upcoming milestones” in the pipeline, including the completion of several smart card trials, the launch of a “contactless card touch sensor” in Q2, along with more device integrations across its sensor line.
February 24, 2017 – by Alex Perala