IDEX Biometrics interim report for the fourth quarter and preliminary result for 2023

Posted under: Smart Technologies
Date: 2024-03-01
IDEX Biometrics interim report for the fourth quarter and preliminary result for 2023

DEX Biometrics ASA's interim report for the fourth quarter and preliminary annual result for 2023 focuses on the company's transformation from a component company to a biometric solution company. The company has focused on laying the foundation for biometric smart cards at scale, introducing a suite of scalable enrollment solutions and working closely with manufacturing partners to launch solutions with IDEX Pay and IDEX Access. The company has also partnered with an Asian bank offering the world's first biometric metal card. The company's portfolio of customers and partners has grown from seven in 2022 to over 25 in 2023. The company's gross profit margin for the fourth quarter of 2023 was 44%, compared to 33% in 2022. Operating expenses for the fourth quarter were $4.7 million, a decrease of $1.9 million from $6.6 million in the previous quarter.

Read more at: finance.yahoo.com