Brief: Idex Biometrics Q1 Consolidated Revenue Up At $989,000

Idex Biometrics ASA

12/05/2022 06:11

May 12 (Reuters) - Idex Biometrics ASA  IDEX.OL :
    * Q1 CONSOLIDATED REVENUE OF $989 THOUSAND, A 26% SEQUENTIAL
INCREASE AND A 58% YEAR-OVER-YEAR INCREASE.
    * CASH BALANCE TOTALED $25.5 MILLION AS OF MARCH 31, 2022,
IN
CONTRAST TO $25.9 MILLION AS OF MARCH 31, 2021, AND $33.8
MILLION AS OF DECEMBER 31, 2021
    * GROSS PROFIT, AS A PERCENTAGE OF REVENUE, WAS
APPROXIMATELY 32%
FOR Q1 OF 2022, COMPARED TO APPROXIMATELY 45% FOR Q4 OF 2021.

Source text for Eikon:  ID:nGNE1PN8wX 
Further company coverage:  IDEX.OL 

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