IDEX Biometrics interim report for the first quarter of 2024
May 16 2024 - 2:00AM
UK Regulatory
IDEX Biometrics interim report for the first quarter of 2024
Oslo, Norway – 16 May 2024 - IDEX Biometrics
ASA’s interim report for the first quarter of 2024 is attached to
this notice (link below) The interim report is also available on
the IDEX Biometrics website:
www.idexbiometrics.com/investors/interim-results/
A webcast presentation of the interim report will be held by
Vince Graziani, Chief Executive Officer, today at 09:00 CET. The
webcast presentation slide deck is attached to this notice (link
below).
Last year we focused on laying the foundation for biometric
smart cards at scale, advancing our position as a full solution
company with the introduction of IDEX Pay and IDEX Access, based on
our scalable biometric platform.
This quarter, while we continue to engage with new potential
customers, our primary focus has been to support our pipeline of
committed customers worldwide as they complete their certifications
and prepare for biometric card launches on the IDEX Pay solution.
As a result, we saw our first IDEX Pay card launches coming to
market, providing customers with highly secure and frictionless
payment experiences.
Several of our card manufacturers and partners across the globe
are currently in the process of commercializing their biometric
solutions.
With IDEX Pay and IDEX Access, we have strong competitive
platforms in the market. The increasing need for better security
solutions is expected to drive the opportunity for biometric smart
cards at scale. IDEX is committed to propelling this market
together with our strong card manufacturing partners and by
leveraging our implementation programs, reaching various segments
of these massive populations in our target markets.
Yesterday, after market close, IDEX successfully conducted a
private placement of 33.3 million shares at NOK 1.65 per share,
compared to the closing price NOK 1.75 per share. The placement
raised gross proceeds of NOK 55 million or USD 5.1 million. The
subscribers will in addition receive one warrant at NOK 1.65 per
share subscribed to. The board will also propose a subsequent
rights offering (repair issue) of up to 8.0 million shares on the
same terms as in the private placement.
For further information contact:
Marianne Bøe, Head of Investor Relations
E-mail: marianne.boe@idexbiometrics.com
Tel: + 47 918 00186
About IDEX Biometrics
IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in
fingerprint biometrics, offering authentication solutions across
payments, access control, and digital identity. Our solutions bring
convenience, security, peace of mind and seamless user experiences
to the world. Built on patented and proprietary sensor
technologies, integrated circuit designs, and software, our
biometric solutions target card-based applications for payments and
digital authentication. As an industry-enabler we partner with
leading card manufacturers and technology companies to bring our
solutions to market.
For more information, visit
www.idexbiometrics.com
TRADEMARK STATEMENT
IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks
owned by IDEX Biometrics ASA. All other brands or product names are
the property of their respective holders.
About this notice
This notice was published by Erling Svela, VP finance, on 16 May
2024 at 08:00 CET on behalf of IDEX Biometrics ASA. The information
shall be disclosed according to section 5‑6 of the Norwegian
Securities Trading Act (STA) and published in accordance with
section 5‑12 of the STA.
- IDEX 2024 Q1 report pub
- IDEX Q1 2024 Presentation 20240516 pub R
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