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IDEX Biometrics ( (IDXAF) ) has shared an announcement.
IDEX Biometrics has announced a strategic shift with a new CEO, Anders Storbråten, and financial restructuring, including a NOK 30 million debt facility conversion to shares. The company reported a Q1 2025 net loss of $4.1 million, with revenues of $0.1 million, and is implementing operational improvements to reduce expenses. Recent orders from Japan and the Middle East & Africa highlight IDEX’s market expansion, while a Mastercard approval for its biometric cards underscores its industry positioning.
More about IDEX Biometrics
IDEX Biometrics ASA is a global leader in fingerprint biometrics technology, providing authentication solutions for payments, access control, and digital identity. The company focuses on card-based applications, partnering with leading card manufacturers and technology companies to deliver secure and seamless user experiences.
YTD Price Performance: -29.31%
Average Trading Volume: 22,687,562
Current Market Cap: NOK306.5M
Find detailed analytics on IDXAF stock on TipRanks’ Stock Analysis page.
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