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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
IDEX Biometrics
IDEX Biometrics (IDEX) investor relations material
IDEX Biometrics Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary12 Nov, 2026
Executive summary
Record Q3 revenue of NOK 6.6m, four times Q2 but below >NOK 8.5m guidance as late-quarter deliveries shifted into October.
Q4 revenue is expected to exceed NOK 14m on scheduled backlog deliveries, with new orders as upside.
Five IDEX Access purchase orders were received since the Q2 report; partner-sourced business has begun.
Financial highlights
Q3 revenue was NOK 6.6m vs NOK 1.6m in Q2 and zero in Q3 2025; revenue was below guidance as late-Q3 shipments moved to October.
Gross profit was NOK 0.8m and gross margin 11%, down from 19% in Q2; legacy sensor sales at partnership pricing pressured margins.
Net loss was NOK 26.3m and operating loss NOK 23.9m; adjusted EBITDA was -NOK 20.8m.
Operating expenses excluding share-based compensation were NOK 21.6m; share-based compensation was NOK 2.7m.
Q3 backlog was NOK 17.9m, down from NOK 23.7m in Q2; NOK 5.3m in new orders was offset by shipments and removal of a legacy framework order.
Outlook and guidance
Q4 revenue is expected to exceed NOK 14m, with NOK 14m of the NOK 17.9m backlog scheduled for delivery; new orders provide upside.
Positive Q4 cash flow is possible if backlog ships on schedule and >NOK 4m of additional orders arrive for Q4 delivery.
UK site consolidation is expected to reduce annual operating costs by ~NOK 20m from November 2026; Q1 2027 is the first full quarter of savings.
Management expects 250,000 cards annually next year; break-even is estimated at ~250,000 cards on a NOK 60–80m annual cost base, excluding IDEX Care service revenue.
Partner activation and expansion across markets are expected to support growth through 2027 without a corresponding increase in the cost base.
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Latest events from IDEX Biometrics
- Order backlog at NOK 23.7M and pilots tripled, with strong revenue growth expected in H2 2026.IDEX
Q2 2026 - Record backlog, improved margins, and accelerated commercial activity signal a strong 2026 outlook.IDEXQ1 2026
- Certified biometric products launched, costs cut, but liquidity and sales targets remain challenges.IDEXQ4 2025
- Q3 2025 saw a 60% OPEX drop, new biometric card launches, and ongoing liquidity risk.IDEXQ3 2025
- Biometric access cards drive growth, aiming for breakeven in Q4 2025.IDEXCompany presentation
- Cost reductions and new funding support ongoing operations amid continued losses and product launches.IDEXQ2 2025
- Q3 saw cost cuts, capital raised, and major biometric card approvals amid market risks.IDEXQ3 2024
- Q2 revenue was $0.4M, margin 40%, costs down, but liquidity and growth risks remain.IDEXQ2 2024
- Q1 2025 saw a $4.1M net loss, liquidity strain, and urgent need for new funding.IDEXQ1 2025
Next IDEX Biometrics earnings date
Q4 202625 Feb, 2027
IDEX Biometrics
Next IDEX Biometrics earnings date
Q4 202625 Feb, 2027
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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.