Next Biometrics reports stable revenues in 3Q
14 November 2017 15:01 GMT

Norway's Next Biometrics has reported that revenue reached NOK 25.4 million ($310,000) last third quarter versus NOK 24 million in the second.

While gross margin improved to -4% in Q3-17, the firm also commenced production shipments of NB-2034-S2 to US Tier 1 notebook manufacturer in October.

The firm noted that product development is focused exclusively on Smart Card and Government ID solutions.

It added that there is a solid road-map in place for developing solutions to fulfill the market requirements as segments develop. 

However, CEO Ritu Favre said she expects cash burn to rise in Q4 and Q1

"We don’t believe there is a full 12 months of cash in the company, and we are working on that scenario", she said, reported Reuters.