Board Change • Jun 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Siri Borsum was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Siri Borsum was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 19
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: kr13m (US$1.4m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr72m free cash flow). Market cap is less than US$10m (kr86.3m market cap, or US$8.98m). Minor Risk Revenue is less than US$5m (kr13m revenue, or US$1.4m). New Risk • Mar 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr39.0m (US$4.04m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr74m free cash flow). Market cap is less than US$10m (kr39.0m market cap, or US$4.04m). Annuncio • Nov 29
NEXT Biometrics Group ASA Secures Patent for Smart Smartphone Full-Screen Biometric Sensor Technology NEXT Biometrics secured patent approval from the United States Patent and Trademark Office (USPTO) for its full-screen biometric authentication technology for smartphones. This is the 22nd patent secured by NEXT for its technology. NEXT’s Active Thermal® technology uses both heat from the finger and 3D imaging to authenticate the user. This enables superior authentication speed and liveness detection to combat spoofing attacks, when compared with other fingerprint authentication technologies. The product also minimizes energy consumption and delivers exceptional performance in varying light and environmental conditions. Over the last 25 years, NEXT Biometrics has shipped more than 10 million sensors. Its Active Thermal technologies are certified by entities including Aadhaar, FBI-PIV, MOSIP Compliance and NIBSS, and have been implemented in countries including Bangladesh, China, Ghana, India, Malaysia, Pakistan, U.S. and Vietnam. Reported Earnings • Nov 20
Third quarter 2025 earnings released: kr0.16 loss per share (vs kr0.013 loss in 3Q 2024) Third quarter 2025 results: kr0.16 loss per share (further deteriorated from kr0.013 loss in 3Q 2024). Revenue: kr3.00m (down 89% from 3Q 2024). Net loss: kr18.9m (loss widened kr17.6m from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Nov 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Siri Borsum was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 18
NEXT Biometrics Group ASA has completed a Follow-on Equity Offering in the amount of NOK 20 million. NEXT Biometrics Group ASA has completed a Follow-on Equity Offering in the amount of NOK 20 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,529,412
Price\Range: NOK 4.25
Discount Per Security: NOK 0.1275
Security Features: Attached Warrants
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,176,471
Price\Range: NOK 4.25
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing New Risk • Aug 21
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: kr45m (US$4.4m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr74m free cash flow). Shares are highly illiquid. Minor Risks Revenue is less than US$5m (kr45m revenue, or US$4.4m). Market cap is less than US$100m (kr431.8m market cap, or US$42.4m). Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. Independent Director Siri Borsum was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 16
First quarter 2025 earnings released: kr0.15 loss per share (vs kr0.15 loss in 1Q 2024) First quarter 2025 results: kr0.15 loss per share (in line with 1Q 2024). Revenue: kr6.89m (down 46% from 1Q 2024). Net loss: kr17.8m (loss widened 15% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • Apr 14
Full year 2024 earnings released: kr0.42 loss per share (vs kr0.69 loss in FY 2023) Full year 2024 results: kr0.42 loss per share (improved from kr0.69 loss in FY 2023). Revenue: kr71.6m (up 108% from FY 2023). Net loss: kr45.2m (loss narrowed 31% from FY 2023). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 21
Full year 2024 earnings released: kr0.36 loss per share (vs kr0.69 loss in FY 2023) Full year 2024 results: kr0.36 loss per share (improved from kr0.69 loss in FY 2023). Revenue: kr72.0m (up 109% from FY 2023). Net loss: kr39.1m (loss narrowed 41% from FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annuncio • Dec 22
NEXT Biometrics Group ASA Demonstrates Engineering Samples for its New FAP30 Sensor NEXT Biometrics Group ASA has completed its first FAP30 fingerprint engineering samples. Following several successful meetings with partners and an analysis of the current tenders on the market, NEXT also estimates the total addressable market to be larger than previously expected. As previously announced by NEXT, it has been working on the development of its FAP30 product, an Active Thermal based fingerprint sensor aimed for the most demanding security environments such as governmental environments, border control and banking applications. In these demanding environments, it is crucial that authentication and verification are done swiftly, securely and that the process remains untampered with. The FAP30 can easily be fitted into and integrated into various system requirements and surroundings. NEXT notes the market has given its standing ovations to the samples that have been shown. Following the recent development of outstanding industry tenders, NEXT has also revised and heightened its previous estimates of the total addressable market for its FAP30 sensor. Annuncio • Dec 17
NEXT Biometrics Group ASA, Annual General Meeting, May 09, 2025 NEXT Biometrics Group ASA, Annual General Meeting, May 09, 2025. Reported Earnings • Nov 07
Third quarter 2024 earnings released: kr0.01 loss per share (vs kr0.22 loss in 3Q 2023) Third quarter 2024 results: kr0.01 loss per share (improved from kr0.22 loss in 3Q 2023). Revenue: kr27.6m (up 361% from 3Q 2023). Net loss: kr1.37m (loss narrowed 93% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Feb 15
Full year 2023 earnings released: kr0.69 loss per share (vs kr0.51 loss in FY 2022) Full year 2023 results: kr0.69 loss per share (further deteriorated from kr0.51 loss in FY 2022). Revenue: kr34.4m (down 29% from FY 2022). Net loss: kr65.7m (loss widened 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Annuncio • Dec 19
NEXT Biometrics Group ASA to Report Q1, 2024 Results on May 07, 2024 NEXT Biometrics Group ASA announced that they will report Q1, 2024 results on May 07, 2024 Annuncio • Dec 17
NEXT Biometrics Group ASA, Annual General Meeting, May 16, 2024 NEXT Biometrics Group ASA, Annual General Meeting, May 16, 2024. Reported Earnings • Nov 03
Third quarter 2023 earnings released: kr0.22 loss per share (vs kr0.12 loss in 3Q 2022) Third quarter 2023 results: kr0.22 loss per share (further deteriorated from kr0.12 loss in 3Q 2022). Revenue: kr5.98m (down 59% from 3Q 2022). Net loss: kr20.4m (loss widened 92% from 3Q 2022). New Risk • Sep 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (kr41m revenue, or US$3.9m). Market cap is less than US$100m (kr646.9m market cap, or US$60.7m). Annuncio • Sep 28
NEXT Biometrics Group ASA announced that it expects to receive NOK 60 million in funding NEXT Biometrics Group ASA announced a private placement to issue shares at a offer price of NOK 5 per share for the gross proceeds of NOK 40 million to NOK 60 million on September 26, 2023. The total number of offer shares to be issued in the Private Placement will be determined by the board of directors. Certain primary insiders, existing shareholders and new investors have collectively pre-committed to subscribe for offer shares for more than NOK 40 million at the offer price in the Private Placement. Annuncio • Sep 01
Next Biometrics Announces Executive Changes, Effective on October 1, 2023 NEXT Biometrics announced that Ulf Ritsvall, Senior Vice President of Sales and Marketing appointed the new Chief executive officer. He succeeds current CEO Peter Heuman, who has held the position since 2019. Heuman will continue as advisor to the Board of Directors and CEO. The change in leadership is effective as per October 1, 2023. Ulf Ritsvall has a strong track record of senior executive positions within both the telecom and biometrics industry. He holds a BA in electrical engineering from the University of Lund. Reported Earnings • Aug 23
Second quarter 2023 earnings released: kr0.20 loss per share (vs kr0.10 loss in 2Q 2022) Second quarter 2023 results: kr0.20 loss per share (further deteriorated from kr0.10 loss in 2Q 2022). Revenue: kr7.31m (down 38% from 2Q 2022). Net loss: kr18.8m (loss widened 97% from 2Q 2022). Reported Earnings • Aug 19
Second quarter 2022 earnings released: kr0.10 loss per share (vs kr0.07 loss in 2Q 2021) Second quarter 2022 results: kr0.10 loss per share (down from kr0.07 loss in 2Q 2021). Revenue: kr11.7m (up 12% from 2Q 2021). Net loss: kr9.53m (loss widened 35% from 2Q 2021). Reported Earnings • May 13
First quarter 2022 earnings released: kr0.16 loss per share (vs kr0.21 loss in 1Q 2021) First quarter 2022 results: kr0.16 loss per share (up from kr0.21 loss in 1Q 2021). Revenue: kr10.2m (down 28% from 1Q 2021). Net loss: kr14.2m (loss narrowed 19% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: kr0.67 loss per share (up from kr1.58 loss in FY 2020). Revenue: kr50.8m (down 12% from FY 2020). Net loss: kr60.0m (loss narrowed 41% from FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 162%, compared to a 6.6% growth forecast for the industry in the United Kingdom. Breakeven Date Change • Nov 24
No longer forecast to breakeven The analyst covering NEXT Biometrics Group no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr22.0m in 2021. New forecast suggests the company will make a loss of kr51.6m in 2021. Reported Earnings • Nov 04
Third quarter 2021 earnings released: kr0.17 loss per share (vs kr0.31 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: kr12.4m (down 18% from 3Q 2020). Net loss: kr15.6m (loss narrowed 33% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Annuncio • Sep 29
Next Biometrics Group Asa Secures New Design-Win for Notebooks NEXT Biometrics Group ASA announced a new notebook design-win with a large Asia based technology & solutions company. NEXT will provide fingerprint sensors to selected models in the company’s notebook product range. The customer has initiated a dual source biometric fingerprint strategy. After an extensive validation period, the Asia based tech company has decided to provide NEXT with this opportunity. The incumbent fingerprint provider will now be challenged by NEXT active thermal fingerprint technology. NEXT has already received initial purchase orders for NEXT standard PC fingerprint sensors to be utilized in one new notebook product. The Asia based tech company is a worldwide leader in the development of diverse electronics, technologies and solutions for consumer electronics, business NoteBooks and high security demand customers in a wide variety of industries and public safety. The company has a strong market position in the B2B segment, which is an excellent match for NEXT larger size high security sensors. Reported Earnings • Aug 21
Second quarter 2021 earnings released: kr0.07 loss per share (vs kr0.64 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr10.4m (down 23% from 2Q 2020). Net loss: kr7.03m (loss narrowed 80% from 2Q 2020). Reported Earnings • May 13
First quarter 2021 earnings released: kr0.21 loss per share (vs kr0.82 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: kr14.1m (down 31% from 1Q 2020). Net loss: kr17.6m (loss narrowed 50% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 45% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 25
Full year 2020 earnings released: kr1.58 loss per share (vs kr4.02 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: kr57.8m (down 32% from FY 2019). Net loss: kr101.8m (loss narrowed 39% from FY 2019). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Annuncio • Mar 12
NEXT Biometrics Signs 5-Year Partnership Agreement with European Tech Giant NEXT Biometrics Group ASA has signed a 5-year partnership agreement with a world market leader in the biometric space. The agreement covers FAP20 sensors, a market segment with large potential for NEXT. The 5-year global agreement is primary focused on NEXT high profile FAP20 sensor. There are already several ongoing market projects in dialog under this partnership. The partner aims at designing NEXT fingerprint sensors into biometric fingerprint readers and other fingerprint enabled devices. NEXT’s new customer is a market leader in several regions of the world, and it is the perfect partner to establish NEXT Active Thermal technology as the preferred choice in the large area sensor market. Reported Earnings • Feb 25
Full year 2020 earnings released: kr1.58 loss per share (vs kr4.02 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: kr58.1m (down 31% from FY 2019). Net loss: kr101.8m (loss narrowed 39% from FY 2019). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. Annuncio • Feb 11
NEXT Biometrics Group ASA Receives Order for 20,000 Sensors for Payment Devices in India NEXT Biometrics Group ASA has received a purchase order from Pagaria Group of 20,000 sensors. In addition, the estimated volume for 2021 has been increased. NEXT recently signed a Letter of Intent with Pagaria group in India (announced on January 26) and has now received a follow up order of 20,000 sensors. The initial forecasted demand from Pagaria for 2021 was 23,000 sensors. With today´s purchase order Pagaria has already ordered 25,000 sensors. In addition, the full year expected volume has been increased to approx. 50,000 sensors. Today´s purchase order is scheduled for shipment during First Quarter 2021. Pagaria´s additional forecasted demand of 25,000 sensors is expected to be shipped during the remainder of 2021. The payment POS terminals and Biometric Bluetooth readers will be used in the fintech domain by one of the fastest growing payment banks in India providing door-step digital services to individual citizens. Annuncio • Feb 10
NEXT Biometrics Receives First Order for New High Value PC Sensor NEXT Biometrics announced the first purchase order for a new pc sensor product co-developed with industry leaders. This high value product will provide increased revenue per sensor, gross margins and potentially higher volumes. The NEXT Sensor is compliant with Microsoft SecureBIO requirements, and has been developed together with global technology leader Broadcom Inc. One of NEXT top tier PC OEM customers has co-funded the development and already selected this solution for multiple Notebook platforms and has issued its first purchase order. This solution is widely expected to become mandatory for computer manufacturers world-wide as Microsoft launches their Modern PC protocol in second half 2021. The NEXT Secure Bio solution is a premium sensor with a large added customer value. Average revenue per sensor is higher compared to previous sensor solutions. NEXT Biometrics is working with several other PC OEMs and peripheral device manufacturers to start using this solution. Annuncio • Feb 03
Next Biometrics Group Asa Receives FAP 20 Sensor Purchase Order of NOK 7 Million NEXT Biometrics Group ASA announced it has received a major purchase order of FAP 20 sensors from Credence ID LLC, a US-based leader in mobile biometrics and credential reading devices, signifying a growing technological and commercial acceptance of NEXT’s key product. NEXT announced on May 13, 2020 that Credence ID designed-in NEXTs FAP20 sensor for its next generation Android product line. Today’s announcement is the first major purchase order from Credence ID. It is also the FAP20 sensor purchase order since NEXT obtained FBI certification in First Quarter 2020. The new mobile biometric “ECO-Identifier” device from Credence ID is a next generation portable device for identification projects in emerging markets. The rugged wireless Android device has among other features, biometric verification using fingerprint and face, secure contact and contactless credential reading and is Bluetooth, Wi-Fi, 4G cellular and GPS enabled. Half of the order will be shipped during First Quarter 2021, with remaining volumes to be delivered in installments. Annuncio • Jan 28
NEXT Biometrics signs Letter of Intent (LOI) in India and receives initial Purchase Order for payment devices NEXT Biometrics has signed a LOI in India and received an initial order. In addition, NEXT publish NEXT Insight #3. NEXT has signed a non-binding LOI and received an initial order of 4.650 sensors from Pagaria Group in India, which qualifies as a small sized order. The LOI has however an estimated volume of 13.000 sensors to be integrated into payment Point of Sales (POS) devices and an additional estimated volume of 10.000 sensors to be integrated into Biometric Bluetooth readers in India. The initial PO for delivery of fingerprint sensors is to be integrated into a payment POS device. The majority of estimated and planned shipments are expected to take place during 2021. The payment POS terminals and Biometric Bluetooth readers will be used in the Fintech domain by one of the fastest growing payment banks in India providing door-step digital services to the citizens of India. Please read more about the recently signed LOI with Pagaria Group and gain more insights into NEXT’s traction within Payment & Fintech market in NEXT Insights #3.