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IDEX Biometrics Interim Report for the First Quarter of 2021
IDEX BIOMETRICS ASAMay 12, 2021 GMT
Oslo, Norway – 12 May 2021 - IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions for payment cards and adjacent applications, today released its financial results for the first quarter ended March 31, 2021.
The first quarter report is enclosed in pdf file. This document and other materials are also available on the Company’s website: www.idexbiometrics.com.
First Quarter Results
IDEX recorded consolidated revenue of $624,000 for the first quarter of 2021, an increase of approximately 4% from the fourth quarter of 2020 and over 500% from the first quarter of 2020. Revenue recorded in the current period was primarily related to continued shipments to an important early-adopter implementing a global network access control solution based on our second-generation sensor product, but included initial volume shipments of the Company’s third generation TrustedBioTM products for payment card applications.