NEXT Biometrics Group ASA

OB:NEXT Stock Report

Market Cap: NOK 515.9m

NEXT Biometrics Group Management

Management criteria checks 1/4

NEXT Biometrics Group's CEO is Ulf Ritsvall, appointed in Oct 2023, has a tenure of 1.83 years. total yearly compensation is NOK6.47M, comprised of 45.7% salary and 54.3% bonuses, including company stock and options. directly owns 0.015% of the company’s shares, worth NOK76.15K. The average tenure of the management team and the board of directors is 1.8 years and 3.3 years respectively.

Key information

Ulf Ritsvall

Chief executive officer

NOK 6.5m

Total compensation

CEO salary percentage45.73%
CEO tenure1.8yrs
CEO ownership0.01%
Management average tenure1.8yrs
Board average tenure3.3yrs

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
Mar 31 2025n/an/a

-NOK 48m

Dec 31 2024NOK 6mNOK 3m

-NOK 45m

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 ($USD631.69K) is above average for companies of similar size in the Norwegian market ($USD357.66K).

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

CEO

Ulf Ritsvall

1.8yrs
Tenure
NOK 6,473,000
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 Officer1.8yrsNOK 6.47m0.015%
NOK 76.1k
Eirik Underthun
Chief Financial Officer5.5yrsNOK 2.49m0.10%
NOK 533.1k
Joshua Chiu
Senior VP & Head of Sales South-East Asia1.8yrsNOK 3.36mno data
Marcus Lauren
Chief Product Officer1.8yrsNOK 2.36m0.017%
NOK 89.6k
Digvijay Kanwar
Senior VP & Head of Sales IUEA1.8yrsNOK 2.10mno data
1.8yrs
Average Tenure
45yo
Average Age

Experienced Management: NEXT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

NamePositionTenureCompensationOwnership
Jan Hartvig
Strategic Advisor9.6yrsno datano data
Hans Klouman
Chairmanless than a yearno datano data
Ola Rollen
Strategic Advisor9.6yrsno datano data
Kuang Yi Wu
Strategic Advisorno datano datano data
Tove Giske
Board memberless than a yearno datano data
Emine Lundkvist
Independent Director8.6yrsNOK 200.00k0.069%
NOK 357.2k
Siri Borsum
Independent Director3.3yrsNOK 200.00kno data
Roy Tselentis
Board memberless than a yearno datano data
3.3yrs
Average Tenure
63yo
Average Age

Experienced Board: NEXT's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/08 19:39
End of Day Share Price 2025/08/08 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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.

Analysis Model and Snowflake

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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 Github.

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