NEXT Biometrics reports progress in Q4
02 March 2018 13:48 GMT

Next Biometrics has said its margins continue a "strong trend of improvements" from negative 4% in Q4-17 to positive in January and expect gross margin at 20% in the month of February 2018.

NEXT CEO Ritu Favre commented: “In Q4 we continued to develop a range of products featuring our proprietary, large and cost-efficient rigid and flexible fingerprint sensors with a focus on driving profitable growth within our targeted markets of Smart Cards, Government ID, Access Control and Notebooks. We have developed the first ISO compliant Smart Card with a flexible sensor together with one of our eco-system partners, we have a roadmap in place to enhance our leading sensor technology and we have proven our mass production capabilities, all of which position us at the forefront of the security, user experience and cost critical emerging, high volume segments of the biometrics market.”

In terms of higlights, the firm pointed to Revenue of NOK 24.7 million vs NOK 25.4 million in Q3-17,  achieved target of positive gross margin by January 2018, and  demonstrated first ISO compliant Smart Card with flexible fingerprint sensor with Tactilis.

It also said a Smart Card biometric subassembly project progressing according to plan  and it launched latest generation of peripheral fingerprint readers, the Oyster II.