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NEXT Biometrics Group (NEXT) investor relations material
NEXT Biometrics Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary19 Nov, 2025
Executive summary
Q3 2025 revenue was NOK 3.0 million, below expectations due to disruptions in India's Aadhaar market and slow sales in China, with normalization starting late in the quarter.
Major restatements of 2024 and YTD 2025 revenues and net profits (NOK 52 million and NOK 30 million, respectively) followed internal reviews and irregularities in China.
Inventory valued at NOK 34.3 million could generate NOK 70 million in revenue at a 50% gross margin when sold.
Five new design wins in Q3 brought the total to 81, indicating growing market traction.
NOK 20 million private placement completed post-quarter to address liquidity needs.
Financial highlights
Q3 2025 revenues were NOK 3.0 million, plus NOK 2.1 million shipped from channel, compared to restated NOK 3.7 million in Q3 2024.
Adjusted gross margin improved to 51% from a negative margin in Q3 2024.
Adjusted EBITDA was negative NOK 17.8 million, an improvement from negative NOK 20.3 million in Q3 2024.
Cash position at quarter-end was NOK 7.4 million, down from NOK 22.1 million at the end of Q2 2025 and NOK 45.5 million a year earlier.
Negative operational cash flow of NOK 13.5 million in Q3.
Outlook and guidance
Market momentum is improving, with normalization in India and stabilization in China.
Focus on converting NOK 34.3 million inventory to revenue, with optimism for growth in coming quarters.
Cost-cutting measures initiated to preserve cash and liquidity.
Positive cash flow from operations is expected in 2026, but timing of government tenders and project approvals remains a risk.
Guidance for gross margin remains at approximately 50%.
Internal control changes for revenue issues?
Inventory conversion strategy for NOK 70m revenue?
What is the legal strategy for China partner claim?
Timeline for NOK 34M inventory cash conversion?
Explain the "close to 0 R&D" for display tech.
Update on internal control improvements post-restatement.
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Next NEXT Biometrics Group earnings date
Q4 202525 Feb, 2026
Next NEXT Biometrics Group earnings date
Q4 202525 Feb, 2026
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Frequently asked questions
Next Biometrics Group ASA designs and develops fingerprint sensors for use in smart cards, access control, government identification, biometric passports, and note books. The company provides sensor modules, as well as develops software and hardware development kits for modules. Its products also comprise flexible subassemblies used in various applications that include biometric readers, government ID cards, payment terminals, and access control badges. In addition, the company provides professional services comprising project management, assurance testing and certification of products. It serves original equipment manufacturers, contract manufacturers and component distributors internationally. The company was formerly known as NEXT ASA and changed its name to Next Biometrics Group ASA in May 2012. Next Biometrics Group ASA is based in Oslo, Norway.
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