From GlobeNewswire: 2025-02-27 02:00:00

IDEX Biometrics ASA released its interim report for Q4 2024, with a net loss of $2.1 million. Recent highlights include partnerships with KONA I and DigAware for biometric solutions. The company also completed a rights issue in November. Financials show no product revenues, operating expenses of $2.4 million, and a cash balance of $2.0 million.

The company’s financial results for Q4 2024 show no product revenues but $2.4 million in net financial gain due to value changes. Operating expenses were $2.4 million, with a net loss of $2.1 million. An accrual for loss on receivables from Zwipe AS was included. A non-cash impairment of goodwill was also recorded at $968,000.

IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity. Recent achievements include certification of the IDEX PAY platform and partnerships with key manufacturers. The company focuses on card-based applications for payments and digital authentication, collaborating with industry leaders to bring solutions to market.



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