NEXT Biometrics Group ASA 2018 AR2
The report highlights NEXT Biometrics Group ASA's strategic transition from a single-product company to a multi-product technology partner in 2018. The company achieved a 10% increase in revenues to NOK 108.4 million and a significant gross margin improvement to 28%, up from negative 6% in 2017. Key milestones included receiving Aadhaar certification in India, launching the FAP20 government-grade sensor, and completing the dual interface smart card solution. Additionally, NEXT pivoted its organizational focus from product development to revenue generation while initiating a cost reduction program to optimize operations.
Company: NEXT Biometrics Group ASA
Sector: Manufacturing
Country: Norway
Year: 2018
Type: AR2
Pages: 65
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NEXT Biometrics Group ASA
Annual Report
The report highlights NEXT Biometrics Group ASA's strategic transition from a single-product company to a multi-product technology partner in 2018. The company achieved a 10% increase in revenues to NOK 108.4 million and a significant gross margin improvement to 28%, up from negative 6% in 2017. Key milestones included receiving Aadhaar certification in India, launching the FAP20 government-grade sensor, and completing the dual interface smart card solution. Additionally, NEXT pivoted its organizational focus from product development to revenue generation while initiating a cost reduction program to optimize operations.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees