IDEX Biometrics ASA · OSL:IDEX
IDEX Biometrics ASA — Q4 2020 Earnings Presentation
12 slides from IDEX Biometrics ASA's earnings presentation, Feb 25, 2021
Slide 1: Fourth Quarter 2020 Presentation
Fourth Quarter 2020 Presentation February 25, 2021
Slide 2: Disclaimer
Disclaimer This presentation includes forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates and projections about global economic c
Slide 3: Positioned for Success
Positioned for Success Sustained Competitive Advantage Led by Superior Patent-protected Products and System Approach Biometric Performance: TrustedBio™ offers a uniquely large sensing area and accelerated detection and processing speed in comparison to competing solutions System Costs: Optimized and
Slide 4: Investment Highlights
Investment Highlights True ‘Pure Play’ on Contactless Payment Cards Massive Addressable Market One of only two fingerprint sensor suppliers and partnered with the ecosystem leaders Large-Scale Certification and Defensible/Differentiated System Solution 2 certifications with China UnionPay and on
Slide 5: Recent Highlights
Recent Highlights Fourth Quarter and Full Year 2020 Financial Results • Fourth quarter 2020 revenue was $598 thousand compared to $71 thousand in the fourth quarter 2019 as revenue begins to accelerate • Full year 2020 revenue was $1.1 million, including $1 million in product revenue, compared to $1
Slide 6: Payment Cards – Favorable Market Dynamics
Payment Cards – Favorable Market Dynamics COVID Environment and Government Mandates Driving Accelerated Adoption Significant Pull-Forward in Transition from Cash to Card Adoption of Contactless Payment Accelerating US Card Spend as a % of Total Purchase Volume Contactless spending limit increased in
Slide 7: Ecosystem and Market Achievements
Ecosystem and Market Achievements Business Development in the Fourth Quarter and Full Year Three Certifications Continued to Add New Partnerships • Three certifications with three card manufacturers for • Expanded partnership with global provider of two payment networks achieved EMVCo secure element
Slide 8: Summary and Outlook
Summary and Outlook • During 2020 IDEX made good progress transitioning from research and development to commercial activities • Throughout the year, IDEX achieved several certifications by multiple major payment networks/brands. Several new card manufacturers have initiated new product developments
Slide 9: Financials
Financials February 25, 2021
Slide 10: Strong Operating Leverage in Financial Model
Strong Operating Leverage in Financial Model Fabless Semiconductor Model Stable and Well Managed Operating Expenses • Complete system solution including ASIC, Sensor, and Biometric Software Cash Operating Expenses1 in USD (millions) Annual Operating Expenses • 50%+ gross margins and stable opex at $
Slide 11: Financial Summary
Financial Summary • Fourth quarter 2020 revenue was $598 thousand compared to $71 thousand in the fourth quarter 2019 as revenues begins to accelerate • Full year 2020 revenue was $1.1 million, including $1 million in product revenue, compared to $159 thousand in product revenue in 2019 • Fourth qua
Slide 12: Thank You
Fhank-You © IDEX