Brief: Idex Biometrics Q2 Net Loss Narrows To $6.7 Mln

Idex Biometrics ASA

15/08/2024 07:21

Aug 15 (Reuters) - Idex Biometrics ASA  IDEX.OL :
    * Q2  AT $0.4 MILLION, SIMILAR TO Q1 OF 2024
    * EXPECTS REVENUE TO BEGIN TO GROW IN H2 OF 2024 AS SEVERAL
OF
CARD MANUFACTURING PARTNERS ARE EXPECTED TO COMPLETE FULL
QUALIFICATIONS DURING Q3
    * Q2 GROSS PROFIT MARGIN 40%
    * ACTIONS OF CUTTING OPERATING EXPENSES EXPECTED TO BE
COMPLETED
BY END OF Q3 OF 2024
    * Q2 NET LOSS FOR THE PERIOD AT $6.7 MILLION VERSUS LOSS OF
$7.4
MILLION YEAR AGO

Source text for Eikon:  ID:nGNE9DQ02d 
Further company coverage:  IDEX.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))