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May 24, 2015 8:22 PM 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 smartphones, tablets, notebooks, corporate access control, time and attendance, usb-sensors, smartcard readers, secure tokens, and physical access control systems. The company is headquartered in Oslo, Norway.

Filipstad Brygge 1

Oslo,  0250

Norway

35 Employees

Key Executives for NEXT Biometrics Group ASA

Chief Executive Officer
Total Annual Compensation: $412.5K
Chief Financial Officer
Chief Technology Officer and Vice President of Technology
Total Annual Compensation: $1.3M
Product Director
Compensation as of Fiscal Year 2013.

NEXT Biometrics Group ASA Key Developments

Next Biometrics Group as Reports Unaudited Group and Company Earnings Results for the Full Year Ended March 31, 2015

Next Biometrics Group AS reported unaudited group and company earnings results for the full year ended March 31, 2015. For the year, on company basis, the company reported total revenue of NOK 2,981,000 compared to NOK 306,000 a year ago. Operating loss was NOK 12,121,000 compared to NOK 9,297,000 a year ago. Loss before tax was NOK 7,486,000 compared to NOK 9,949,000 a year ago. Loss attributable to owners of the company was NOK 7,486,000 compared to NOK 9,949,000 a year ago. Net cash out flows from operating activities were NOK 7,489,000 compared to NOK 5,772,000 a year ago. For the year, on consolidated basis, the company reported total revenue of NOK 6,681,000 compared to NOK 38,000 a year ago. Operating loss was NOK 82,609,000 compared to NOK 37,598,000 a year ago. Loss before tax was NOK 79,691,000 compared to NOK 38,795,000 a year ago. Loss attributable to owners of the company was NOK 79,691,000 compared to NOK 38,795,000 a year ago. Basic and diluted loss per share was NOK 7.92 compared to NOK 5.06 a year ago. Net cash out flows from operating activities were NOK 112,070,000 compared to NOK 29,978,000 a year ago.

Next Biometrics Group as Receives Order for 100,000 Sensors in New SmartHome Segment

Next Biometrics Group AS has received an initial order for 100,000 sensors from a new customer within the SmartHome segment. Deliveries will start in July, 2015 and will be completed by November, 2015. The NEXT customer target sales in excess of 1 million units over the first 12-18 months of operations. This order is significant as it further highlights the potential volumes in these NEXT-enabled markets, where high quality and low cost sensor enables the market itself.

NEXT Biometrics Appoints Campbell Kan as VP of Operations and Asia Sales

Campbell Kan joins NEXT Biometrics as VP of Operations and Asia Sales. From year 1991 to 2013, Mr. Campbell Kan worked his way from a software engineer to become head of global operations for ACER. Additionally Campbell will assume responsibility of NEXT Sales in Asia. He has throughout his career built a strong and trusted name among Asian TIER-1's in the notebook, tablet and smartphone space. In addition to management of the NEXT Asian sales force, he will personally handle the major and strategically important TIER-1 acccounts.

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