Brief: Idex Biometrics Q2 Net Loss Widens To $9.2 Million

Idex Biometrics ASA

11/08/2022 07:17

Aug 11 (Reuters) - Idex Biometrics ASA  IDEX.OL :
    * FOR Q2 ENDED JUNE 30, 2022, IDEX BIOMETRICS RECORDED
CONSOLIDATED REVENUE OF $1.1 MILLION
    * Q2 REVENUE INCREASED APPROXIMATELY 12% FROM Q1 OF 2022
    * GROSS MARGIN WAS 6.6% IN Q2, AND 18.5% FOR FIRST SIX
MONTHS OF
2022
    * OPERATING EXPENSES INCREASED IN Q2 AND FIRST HALF OF 2022
COMPARED TO SAME PERIODS IN 2021
    * NET LOSS FOR Q2 OF 2022 TOTALED ($9.2 MILLION), IN
CONTRAST TO A
NET LOSS OF ($7.2 MILLION) FOR Q2 OF 2021
    * IN SECOND HALF OF 2022, WE EXPECT OUR REVENUE FIGURES TO
BE
NEGATIVELY IMPACTED AS OUR SHIPMENTS FROM OUR ASSEMBLY
SUBCONTRACTOR WILL MOST LIKELY CONTINUE TO BE CONSTRAINED

Source text for Eikon:  ID:nGNE1LPTx4 
Further company coverage:  IDEX.OL 

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