NEXT Biometrics Group ASA 2020 AR2
The report highlights NEXT Biometrics' transition in 2020, achieving a 73% reduction in operating expenses relative to Q4 2019. The company simplified its product portfolio to focus on products with a clear competitive advantage, resulting in 15 design-wins from Q4 2019 to February 2021. Despite the pandemic slowing revenue growth, NEXT successfully raised NOK 60.8 million in gross proceeds during 2020 and an additional NOK 89 million in early 2021. The Group also completed the development of its dual interface smart card solution and prioritized sales of its FBI-certified FAP20 sensor.
Company: NEXT Biometrics Group ASA
Sector: Manufacturing
Country: Norway
Year: 2020
Type: AR2
Pages: 78
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NEXT Biometrics Group ASA
Annual Report
The report highlights NEXT Biometrics' transition in 2020, achieving a 73% reduction in operating expenses relative to Q4 2019. The company simplified its product portfolio to focus on products with a clear competitive advantage, resulting in 15 design-wins from Q4 2019 to February 2021. Despite the pandemic slowing revenue growth, NEXT successfully raised NOK 60.8 million in gross proceeds during 2020 and an additional NOK 89 million in early 2021. The Group also completed the development of its dual interface smart card solution and prioritized sales of its FBI-certified FAP20 sensor.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Workplace Fatalities
Employees