NEXT Biometrics Group ASA

OB:NEXT Stock Report

Market Cap: NOK 792.3m

NEXT Biometrics Group Management

Management criteria checks 2/4

NEXT Biometrics Group's CEO is Ulf Ritsvall, appointed in Oct 2023, has a tenure of 1.17 years. total yearly compensation is NOK3.90M, comprised of 54.6% salary and 45.4% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth NOK116.94K. The average tenure of the management team and the board of directors is 1.1 years and 6.7 years respectively.

Key information

Ulf Ritsvall

Chief executive officer

NOK 3.9m

Total compensation

CEO salary percentage54.6%
CEO tenure1.2yrs
CEO ownership0.01%
Management average tenure1.1yrs
Board average tenure6.7yrs

Recent management updates

Recent updates

Will NEXT Biometrics Group (OB:NEXT) Spend Its Cash Wisely?

Aug 28
Will NEXT Biometrics Group (OB:NEXT) Spend Its Cash Wisely?

We're Not Very Worried About NEXT Biometrics Group's (OB:NEXT) Cash Burn Rate

Apr 28
We're Not Very Worried About NEXT Biometrics Group's (OB:NEXT) Cash Burn Rate

Here's Why We're Not Too Worried About NEXT Biometrics Group's (OB:NEXT) Cash Burn Situation

Sep 29
Here's Why We're Not Too Worried About NEXT Biometrics Group's (OB:NEXT) Cash Burn Situation

NEXT Biometrics Group (OB:NEXT) Is In A Good Position To Deliver On Growth Plans

May 12
NEXT Biometrics Group (OB:NEXT) Is In A Good Position To Deliver On Growth Plans

The NEXT Biometrics Group (OB:NEXT) Share Price Is Up 100% And Shareholders Are Holding On

Feb 10
The NEXT Biometrics Group (OB:NEXT) Share Price Is Up 100% And Shareholders Are Holding On

CEO Compensation Analysis

How has Ulf Ritsvall's remuneration changed compared to NEXT Biometrics Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-NOK 35m

Jun 30 2024n/an/a

-NOK 54m

Mar 31 2024n/an/a

-NOK 67m

Dec 31 2023NOK 4mNOK 2m

-NOK 66m

Sep 30 2023n/an/a

-NOK 66m

Jun 30 2023n/an/a

-NOK 56m

Mar 31 2023n/an/a

-NOK 46m

Dec 31 2022NOK 3mNOK 2m

-NOK 46m

Sep 30 2022n/an/a

-NOK 54m

Jun 30 2022n/an/a

-NOK 59m

Mar 31 2022n/an/a

-NOK 57m

Dec 31 2021NOK 2mNOK 366k

-NOK 60m

Compensation vs Market: Ulf's total compensation ($USD343.33K) is about average for companies of similar size in the Norwegian market ($USD284.82K).

Compensation vs Earnings: Ulf's compensation has increased whilst the company is unprofitable.

CEO

Ulf Ritsvall

1.2yrs

Tenure

NOK 3,899,000

Compensation

Mr. Ulf Ritsvall serves as Chief Executive Officer of NEXT Biometrics Group ASA since October 01, 2023. He served as the Senior Vice President of Sales and Marketing at NEXT Biometrics Group ASA since Octo...

Leadership Team

NamePositionTenureCompensationOwnership
Ulf Ritsvall
Chief Executive Officer1.2yrsNOK 3.90m0.015%
NOK 116.9k
Eirik Underthun
Chief Financial Officer4.8yrsNOK 3.02m0.10%
NOK 818.7k
Joshua Chiu
Senior VP & Head of Sales South-East Asia1.1yrsNOK 1.89mno data
Marcus Lauren
Chief Product Officer1.1yrsNOK 2.52m0.017%
NOK 137.6k
Digvijay Kanwar
Senior VP & Head of Sales IUEA1.1yrsNOK 4.31mno data

1.1yrs

Average Tenure

44yo

Average Age

Experienced Management: NEXT's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Jan Hartvig
Strategic Advisor8.9yrsno datano data
Ola Rollen
Strategic Advisor8.9yrsno datano data
Kuang Yi Wu
Strategic Advisorno datano datano data
Petter Fjellstad
Independent Director5.5yrsNOK 500.00k0.90%
NOK 7.1m
Odd Hauge
Independent Chairman of the Board4.5yrsNOK 200.00k0.48%
NOK 3.8m
Emine Lundkvist
Independent Director7.9yrsNOK 200.00k0.069%
NOK 548.6k
Siri Borsum
Independent Director2.6yrsNOK 273.00kno data

6.7yrs

Average Tenure

Experienced Board: NEXT's board of directors are considered experienced (6.7 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 22:11
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NEXT Biometrics Group ASA is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans Rettedal ChristiansenCarnegie Investment Bank AB
Fridtjof FredricssonPareto Securities