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IDEX Biometrics ASA: First quarter 2025 report
GlobeNewswire News Room· 2025-05-21 06:52
Core Insights - IDEX Biometrics ASA announced a new strategy aimed at fundamentally shifting how the company markets its unique technology and products [1] - The company appointed a new CEO, Anders Storbråten, to lead this strategic change [1] - IDEX secured a new debt facility of NOK 30 million, which has been converted to shares, and renegotiated its Heights convertible bond [1] Financial Performance - For Q1 2025, IDEX Biometrics reported revenues of $0.1 million [2] - The ordinary operating expenses for the quarter amounted to $2.4 million [3] - The net loss for the quarter was $4.1 million, with a cash balance of $1.1 million as of March 31, 2025 [3] Operational Developments - The company is implementing a range of operational improvement initiatives, targeting a quarterly run rate of operating expenses between $1.5 million and $1.7 million by the end of Q3 2025 [1] - IDEX received a production order valued at approximately $50,000 from Beautiful Card Corporation in Japan [2] - The company also secured an order from DigAware for biometric sensor solutions for access cards and received an order for 10,000 VISA biometric cards in the Middle East & Africa region [2]
IDEX Biometrics ASA: Nomination Committee proposal to the 2025 Annual General Meeting
Globenewswire· 2025-05-20 19:10
Group 1 - The Nomination Committee of IDEX Biometrics ASA proposes a new board of directors consisting of Morten Opstad, Annika Olsson, and Adriana Saitta, with Morten Opstad as Chair for a new term of two years [1] - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [1] - The company's biometric solutions are built on patented technologies and target card-based applications for payments and digital authentication [1] Group 2 - IDEX Biometrics ASA partners with leading card manufacturers and technology companies to bring its biometric solutions to market [1] - The notice regarding the board proposal was issued by CFO Kristian Flaten on 20 May 2025 [2]
IDEX Biometrics ASA: Annual General Meeting agenda update
Globenewswire· 2025-05-12 16:00
Core Points - The Company has announced an annual general meeting (AGM) scheduled for 21 May 2025 [1] - A Remuneration Report for executive management in 2024 has been prepared and is available for review [2] - The AGM will include an advisory vote on the Remuneration Report, with a proposed resolution for approval [3] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [3] - The Company focuses on card-based applications for payments and digital authentication, utilizing patented sensor technologies and integrated circuit designs [3] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [3]
IDEX Biometrics ASA: Notice of annual general meeting on 21 May 2025
Globenewswire· 2025-04-30 14:50
Company Overview - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2][4] - The company's biometric solutions are built on patented sensor technologies, integrated circuit designs, and software, targeting card-based applications for payments and digital authentication [2] Annual General Meeting Details - The 2025 annual general meeting will be held on May 21, 2025, at 14:00 CET as an online meeting, with no physical attendance option [1] - Shareholders can attend the meeting online via PC, smartphone, or tablet, and the notice with attendance form has been sent to shareholders [1][2] Additional Information - The notice and ancillary documents for the annual general meeting are available on the company's website and can be requested at no charge [2] - The Nomination Committee's recommendations will also be published on the company's website [2] - For further inquiries, shareholders can contact Kristian Flaten, CFO, via phone or email [2][3]
IDEX Biometrics ASA: Annual report 2024
GlobeNewswire News Room· 2025-04-30 06:00
Core Insights - IDEX Biometrics ASA has published its annual report and remuneration report for 2024, along with its annual financial statements in European Single Electronic Format (ESEF) [1] - The company has disclosed a strategic shift to focus on the access market while continuing to leverage its efforts in the payment market, leading to adjustments in the 2024 financial statements [1] Financial Reporting - The preliminary financial statements for 2024 were disclosed on 27 February 2025 [1] - Adjustments to the 2024 statements of profit and loss and financial position were made, which were reflected in the interim balance sheet published on 21 March 2025 [1] Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions across payments, access control, and digital identity [2] - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [2]
IDEX Biometrics ASA: Registration of share capital increase – 28 April 2025
Globenewswire· 2025-04-28 12:30
Group 1 - The company announced a loan financing of NOK 30 million and a proposed debt conversion involving the issuance of 3,000,000,000 new shares [1][2] - Following the debt conversion, the company's share capital increased to NOK 38,315,942.32, divided into 3,831,594,232 shares, each with a nominal value of NOK 0.01 [2] - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [2] Group 2 - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [2] - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [2]
Registration of share capital reduction by reduction of the par value of shares in IDEX Biometrics – 25 April 2025
Globenewswire· 2025-04-25 09:30
Core Viewpoint - IDEX Biometrics ASA has successfully completed a share capital reduction, which was resolved in an extraordinary general meeting, resulting in a new share capital of NOK 8,315,942.32 divided into 831,594,232 shares with a nominal value of NOK 0.01 each [1]. Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [1]. - The company's biometric solutions are built on patented sensor technologies, integrated circuit designs, and software, targeting card-based applications for payments and digital authentication [1]. - IDEX partners with leading card manufacturers and technology companies to bring its biometric solutions to market [1].