Next announces 2 deals to supply FAP20 biometrics sensors and uneven Q1 financials

Next Biometrics has reported mixed financial results for its first fiscal quarter of 2024, along with an expansion into Bangladesh in one of two deals to supply FAP20 fingerprint biometric sensors.

Revenues were up for Next in Q1, 2024, at 12.8 million Norwegian kroner (approximately US$1.2 million), from NOK 6.8 million in the same quarter a year earlier. Adjusted EBITDA, however, was negative NOK 9.1 million ($830,000) in the quarter.

Internal product development delays dragged Q1 revenues below expectations, says …

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