IDEX Biometrics ASA: First quarter 2025 report

Quick Summary:

USD 50,000 Order received from DigAware to deliver biometric sensor solution for access cards with sensor systems from IDEX IDEX Biometrics receives IDEX Pay order for VISA biometric cards in the Middle East & Africa region of 10,000 units KONA I granted Mastercard Letter of Approval for IDEX Pay biometric cards Completed debt conversion, launching subsequent offering allowing investors to participate at the same terms as shareholders participating in the debt conversion Financial results Q1 2025: Revenues of $0.1 million in the quarter.

Recent highlights: On 11 March 2025 IDEX Biometrics announced a new strategy with a fundamental shift in how the company would take its unique technology and products to market New CEO appointed – Anders Storbråten Securing a new debt facility of NOK 30 million, converted to shares Heights convertible bond renegotiated and amended Range of operational improvement initiatives under way – target quarterly run rate OPEX from end Q3 2025 in the range of $1.5-1.7 million.

Cash balance per 31 March 2025 at $1.1 million IDEX Biometrics CEO Anders Storbråten will host a presentation at Arctic Securities at 12:00 CET today.

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Author / Journalist: IDEX BIOMETRICS ASA

Category: Technology

Markets: ChinaJapan

Topics: 8181 Oslo:IDEX 8182 NO0013107490

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 06:52:00 (14 hours ago)

News Timezone: GMT +8:00

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