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IDEX Biometrics (IDEX) investor relations material
IDEX Biometrics Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Achieved transformation from component supplier to product company, launching certified biometric access and payment card products.
Achieved four out of five strategic objectives set in March 2025, with the fifth (sales exceeding OpEx) targeted for Q4.
Streamlined operations and reduced operating expenses significantly, with further improvements underway.
Secured new contracts post-Q3 with Toshiba, Emnovate, and ACS, with further volume expected in Q1 2026.
Maintained strong market position in payment cards and advanced toward generating sales exceeding operating expenses by year-end.
Financial highlights
Operating expenses reduced to $1.8M in Q3 2025, a 60% decrease versus Q3 2024 and 62% lower than the 2024 quarterly average of $4.6M.
Q3 2025 revenue was $0.0 million, down from $0.1 million in Q3 2024; YTD revenue was $0.2 million, down from $0.8 million YTD 2024.
Net loss for Q3 2025 was $1.0 million, compared to a net gain of $1.4 million in Q3 2024; YTD net loss was $7.2 million, improved from $10.7 million YTD 2024.
Achieved over $8-10 million in annualized operating cost savings through restructuring.
Cash balance at September 30, 2025, was $1.1 million, unchanged from a year earlier.
Outlook and guidance
Further OPEX reductions expected: ~$150K in Q4 2025 and ~$250K per quarter from 2026.
Anticipates initial contract orders in Q4 2025 and accelerating volume in Q1 2026 as product certifications complete.
Positioned to achieve profitability at lower revenue levels due to significant cost reductions.
Expects to meet the target of generating sales exceeding OpEx on a monthly basis by year-end.
NXP integration: What market share impact
Liquidity plan beyond Q4/Q1 revenue
Q1 2026 volume ramp-up: What drives it
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Next IDEX Biometrics earnings date
Q4 202526 Feb, 2026
Next IDEX Biometrics earnings date
Q4 202526 Feb, 2026
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Frequently asked questions
IDEX Biometrics ASA engages in the design, development, and sale of biometric identification and authentication solutions. The company is a provider of finger- vein recognition technology. It offers IDEX Fingerprint Reader products that require little or no adaptation of current systems; IDEX Smart Card Reader products that digitize the contents of smart cards, smart identity cards, or driver's licenses; and IDEX FLASH fingertip scanning terminals for access control applications.
The company markets its products to various industries, namely energy and utilities, government agencies and defense organizations, banks and financial institutions, hotels and leisure facilities, transportation facilities, telecommunication companies, retailers, post offices and logistics operators, electronic gaming industries. IDEX Biometrics ASA was incorporated in 1996 and is headquartered in Oslo, Norway.
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