March 29, 2017 2:28 AM ET

Electronic Equipment, Instruments and Components

Company Overview of NEXT Biometrics Group ASA

Company Overview

Next Biometrics Group ASA, through its subsidiaries, engages in the research, development, manufacture, and commercialization of fingerprint technology and products. It offers fingerprint sensor modules for use in smartcards, tablets, notebooks, smartphones, corporate access control, time and attendance, usb-sensors, smartcard readers, secure tokens, and physical access control systems. The company offers its products through distributors worldwide. Next Biometrics Group ASA is headquartered in Oslo, Norway.

Filipstad Brygge 1

Oslo,  0250

Norway

Key Executives for NEXT Biometrics Group ASA

Chief Financial Officer
Total Annual Compensation: 1.5M NOK
Vice President of Operations & Asia Sales
Total Annual Compensation: 1.8M NOK
Chief Technology Officer
Total Annual Compensation: 2.0M NOK
Vice President of Sales - America
Total Annual Compensation: 1.9M NOK
Vice President of Sales for Europe, Middle-East & Africa
Total Annual Compensation: 1.5M NOK
Compensation as of Fiscal Year 2015.

NEXT Biometrics Group ASA Key Developments

NEXT Biometrics Completes Tests of New ASIC Custom Built Chip, the A2

NEXT Biometrics Group ASA announced it completed testing of its new ASIC, the A2, a custom built chip that will significantly reduce company production costs, and that the first order for the new NEXT chip has been placed for production ramp up. NEXT, a leader in low-cost high-quality flexible and rigid fingerprint sensors, said the new ASIC architecture will be implemented in Smart Cards, Notebooks and Access Control Markets.

NEXT Biometrics Group ASA Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended of December 31, 2016; Provides Sales Guidance for the First Quarter of 2017

NEXT Biometrics Group ASA reported unaudited consolidated earnings results for the fourth quarter and full year ended of December 31, 2016. For the quarter, the company’s sales were NOK 31.8 million against of NOK 28.4 million in the third quarter of 2016 and NOK 1.705 million in the fourth quarter of 2015. Operating revenue in the fourth quarter of 2016 was NOK 31.8 million, compared to NOK 28.4 million in the previous quarter and NOK 1.7 million in the fourth quarter of 2015. Net loss was NOK 47.2 million, compared to a loss of NOK 44.5 million in the previous quarter and a loss of NOK 47.56 million in the corresponding quarter of 2015. The increased loss was mainly due to higher stock option cost related to share-based remuneration. Loss before tax, depreciation and amortization was NOK 46.49 million against NOK 44.795 million a year ago. Operating loss was NOK 47.39 million against NOK 45.48 million a year ago. Net loss before tax was NOK 47.18 million against NOK 47.54 million a year ago. Basic and diluted loss per share was NOK 3.12 against NOK 3.78 a year ago. Net cash flows used in operating activities was NOK 49.981 million against NOK 43.542 million a year ago. Purchase of tangible assets was NOK 0.432 million against NOK 0.687 million a year ago. For the full year, the company’s sales rose to NOK 92.1 million, from NOK 4.6 million in 2015. Net loss amounted to NOK 192.6 million compared to a net loss of NOK 121.5 million for the year 2015, except for insignificant amounts in the fourth quarter of 2016 and 2015 related to payable taxes in foreign subsidiaries. Operating revenue was NOK 92.07 million against NOK 4.57 million a year ago. Loss before tax, depreciation and amortization was NOK 187.303 million against NOK 119.949 million a year ago. Operating loss was NOK 191.101 million against NOK 121.815 million a year ago. Net loss before tax was NOK 192.548 million against NOK 121.511 million a year ago. Basic and diluted loss per share was NOK 13.30 against NOK 10.44 a year ago. Net cash flows used in operating activities was NOK 212.310 million against NOK 109.629 million a year ago. Purchase of tangible assets was NOK 0.828 million against NOK 18.484 million a year ago. The company expected 2017 first quarter sales are in level with the previous quarters.

NEXT Biometrics Group ASA, Q4 2016 Earnings Call, Feb 28, 2017

NEXT Biometrics Group ASA, Q4 2016 Earnings Call, Feb 28, 2017

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February 6, 2017
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