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). Share price has been highly volatile over the past 3 months (33% average weekly change). 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). Share price has been highly volatile over the past 3 months (28% average weekly change). Market cap is less than US$10m (kr39.0m market cap, or US$4.04m). New Risk • Dec 29
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 21% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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). Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (kr276.4m market cap, or US$27.5m). Duyuru • 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 25% per year, which means it is significantly lagging earnings. New Risk • Sep 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Revenue is less than US$5m (kr45m revenue, or US$4.5m). Market cap is less than US$100m (kr413.4m market cap, or US$41.6m). Duyuru • 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 Reported Earnings • Aug 21
Second quarter 2025 earnings released: kr0.17 loss per share (vs kr0.06 loss in 2Q 2024) Second quarter 2025 results: kr0.17 loss per share (further deteriorated from kr0.06 loss in 2Q 2024). Net loss: kr19.7m (loss widened 226% from 2Q 2024). 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 5% per year, which means it is significantly lagging earnings. 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 15
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 6% 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 6% per year, which means it is significantly lagging earnings. New Risk • Feb 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr62m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr62m free cash flow). Minor Risk Market cap is less than US$100m (kr674.8m market cap, or US$60.7m). Duyuru • 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. Duyuru • 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 fallen by 1% per year. Recent Insider Transactions • Aug 25
Chief Financial Officer recently bought kr519k worth of stock On the 21st of August, Eirik Underthun bought around 69k shares on-market at roughly kr7.52 per share. This transaction increased Eirik's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Eirik has been a buyer over the last 12 months, purchasing a net total of kr693k worth in shares. Reported Earnings • Aug 21
Second quarter 2024 earnings released: kr0.06 loss per share (vs kr0.20 loss in 2Q 2023) Second quarter 2024 results: kr0.06 loss per share (improved from kr0.20 loss in 2Q 2023). Revenue: kr18.3m (up 151% from 2Q 2023). Net loss: kr6.05m (loss narrowed 68% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 17
Chief Financial Officer recently bought kr427k worth of stock On the 8th of May, Eirik Underthun bought around 50k shares on-market at roughly kr8.53 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Eirik's only on-market trade for the last 12 months. New Risk • May 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr56m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-kr56m free cash flow). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Revenue is less than US$5m (kr40m revenue, or US$3.7m). Market cap is less than US$100m (kr904.5m market cap, or US$82.8m). Reported Earnings • Apr 29
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 but the company’s share price has remained flat, which means it is significantly lagging earnings. 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 9% per year. Duyuru • 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 Duyuru • 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 02
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). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. 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 (8.1% 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). Duyuru • 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. Duyuru • 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). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
First quarter 2023 earnings released: kr0.16 loss per share (vs kr0.16 loss in 1Q 2022) First quarter 2023 results: kr0.16 loss per share (in line with 1Q 2022). Revenue: kr6.81m (down 27% from 1Q 2022). Net loss: kr14.4m (loss widened 1.1% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 03
Third quarter 2022 earnings released: kr0.12 loss per share (vs kr0.17 loss in 3Q 2021) Third quarter 2022 results: kr0.12 loss per share (improved from kr0.17 loss in 3Q 2021). Revenue: kr14.4m (up 24% from 3Q 2021). Net loss: kr10.6m (loss narrowed 32% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. 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). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind 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). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 47%. 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 18% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 24
Full year 2021 earnings: EPS and revenues exceed analyst expectations 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%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 162%, compared to a 201% growth forecast for the industry in Norway. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 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 52% per year, which means it is significantly lagging earnings. 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). 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 42% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • May 22
Chief Financial Officer exercised options to buy kr3.0m worth of stock. On the 20th of May, Eirik Underthun exercised options to buy 500k shares at a strike price of around kr2.49, costing a total of kr1.2m. As of today, Eirik currently holds no shares directly. This was the only transaction from an insider over the last 12 months. 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. Is New 90 Day High Low • Mar 10
New 90-day high: kr9.21 The company is up 257% from its price of kr2.58 on 10 December 2020. The Norwegian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 14% over the same period. 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 48% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 08
New 90-day high: kr5.74 The company is up 141% from its price of kr2.38 on 10 November 2020. The Norwegian market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 22% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: kr3.55 The company is up 54% from its price of kr2.30 on 09 October 2020. The Norwegian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: kr2.70 The company is up 26% from its price of kr2.15 on 04 September 2020. The Norwegian market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 16% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: kr0.31 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: kr15.2m (down 14% from 3Q 2019). Net loss: kr23.1m (loss narrowed 31% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 61% per year, which means it is significantly lagging earnings. Duyuru • Oct 04
NEXT Biometrics Receives Follow Up Order from Business Partner Newland Payment Technology NEXT Biometrics announced that it has received an additional purchase order of 6,000 PIV certified FAP20 biometric sensors from business partner Newland Payment Technology. The purchase order of 6,000 NEXT’s FAP20 sensors is an extension following the first commercial order with Newland (announced Feb. 24, 2020). The FAP 20 sensors are in transit for integration in NPTs fingerprint-enabled payment terminals sold to an undisclosed national bank in Africa. The order is a result of NEXT's close collaboration with Newland Payment Technology to promote fingerprint-enabled payment terminals for financial inclusion projects in Africa. NEXT's FAP20 module (One Touch 2000) was certified in late 2019 by the FBI as tested and in compliance with FBI's Next Generation Identification (NGI) Image Quality Specifications (IQS). A review of the test data was conducted by the FBI's Criminal Justice Information Services Division. Duyuru • Sep 20
NEXT Biometrics Group ASA to Report Q2, 2020 Results on Aug 18, 2020 NEXT Biometrics Group ASA announced that they will report Q2, 2020 results at 7:00 AM, Central European Standard Time on Aug 18, 2020 Duyuru • Jun 30
NEXT Biometrics Group ASA has completed a Follow-on Equity Offering in the amount of NOK 50 million. NEXT Biometrics Group ASA has completed a Follow-on Equity Offering in the amount of NOK 50 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: NOK 2
Transaction Features: Subsequent Direct Listing