NEXT Biometrics Offers Peek at Q3 Results

NEXT Biometrics has offered a glimpse of its Q3 results at the company’s ‘Capital Markets Day’ presentation.

NEXT Biometrics Offers Peek at Q3 ResultsCompany officials indicated that over the quarter NEXT has seen sales of $28.4 million NOK, an increase against its revenues of 26.6 million NOK in Q2. That has brought revenues for the year to date to 60.2 million NOK. Nevertheless, the company is still seeing negative margins, which NEXT did not specify.

Company representatives instead focused on certain business achievements for the quarter, asserting that NEXT has now shipped over a million fingerprint sensors. They also proclaimed that the company’s second generation sensor, the S2, is bringing in higher than anticipated yields.

NEXT Biometrics’ full Q3 report will be issued on November 22nd.

October 20, 2016 – by Alex Perala