Strong Sales a Highlight in NEXT Biometrics Corporate Update

NEXT Biometrics has announced its results for Q4 and 2016 as a whole, reporting a considerable uptick in revenues.

Strong Sales a Highlight in NEXT Biometrics Corporate UpdateIn Q4, NEXT Biometrics saw sales of 31.8 million NOK, compared to sales of 28.4 million NOK in Q3 and 1.7 million NOK in Q4 of 2015. And the year as a whole saw revenues of 92.1 million NOK, way up from the 4.6 million NOK of 2015.

Meanwhile, costs also increased. Operating expenses grew from 70.5 million NOK in 2015 to 220.8 million NOK in 2016. And while the company saw a net income of 0.2 million NOK in Q4 (against a loss of two million NOK in Q4 of 2015), its net financial items for the year came to a loss of 1.4 million NOK, compared to a net income of 0.3 million NOK in 2015. In a statement, the company said this change was “mainly related to foreign exchange gains and losses”.

Nevertheless, NEXT Biometrics charting a steady course for the year ahead, asserting that over the next three to nine months it expects to continue progressing in its development of flexible fingerprint sensors, its partnerships in the smart card market, and its development of next generation ASIC technology.

February 28, 2017 – by Alex Perala