Slide 1: IDEX Biometrics Second Quarter and First Half 2024 Presentation
TM IDEX Biometrics Second Quarter and First Half 2024 Presentation 15 August 2024 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
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: IDEX Biometrics
IDEX Biometrics IDEX Biometrics is a technology Consumers, enterprises, and IDEX Biometrics is uniquely company providing Biometric governments face rapidly positioned as a technology Smart Card solutions to Banks, increasing security threats due platform company Issuers, Enterprises and to compromi
Slide 4: Second Quarter 2024 Financial Summary
Second Quarter 2024 Financial Summary 4 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 5: Financial summary second quarter of 2024
Financial summary second quarter of 2024 • Revenues of $0.4 million • Gross margin of 40% • Operating expenses of $5.0 million • Restructuring expense of $1.1 million • Consolidating engineering functions to Europe and closed two facilities in the US Revenue Gross margin Operating expenses* (million
Slide 6: Additional expense reductions in full effect from the fourth quarter
Additional expense reductions in full effect from the fourth quarter Operating Cost – Million USD Operational efficiencies initiatives 8,0 - 64% • Closed two US facilities 7,0 • Downsized US engineering team • Laser focus on execution and expense optimization 6,0 • Targeting quarterly OPEX of $2.5 m
Slide 7: Second Quarter 2024 Commercial Update
Second Quarter 2024 Commercial Update 7 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 8: Achievements and milestones
Achievements and milestones H1 2024 Achievements H2 Upcoming Milestones ✓ Bank launch announcements with IDEX Pay in Asia and Europe Continued IDEX Pay bank launches in Asia and Europe ✓ Mutual Trust Bank, Bangladesh ✓ Opening new market in South Asia with challenger bank Market commercialization of
Slide 9: H1 2024 – Globally, IDEX has expanded its customer base across banks and processors
H1 2024 – Globally, IDEX has expanded its customer base across banks and processors driving market traction for biometric smart cards Commercial activities across payment and access increasing globally, and particular in growth markets across Asia for both IDEX and competition APAC Americas EMEA Pay
Slide 10: IDEX Biometric continues its focus on removing market entry barriers
IDEX Biometric continues its focus on removing market entry barriers Mobile integration Cost optimization Industry standardization New use cases 10 Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.
Slide 11: Use cases enabled by IDEX biometric solutions
Use cases enabled by IDEX biometric solutions PAYMENTS ACCESS AND MULTIPURPOSE 01 02 03 04 05 In-store E-Commerce Closed Loop Strong Digital Social Disbursement Payments Payments Payments & Access Authentication & Access & Tap-on-Phone Faster and more secure Secure wallet payments Safeguard digital
Slide 12: Payments made easier and safer for visually impaired with IDEX Pay
Payments made easier and safer for visually impaired with IDEX Pay • Biometric payment card with IDEX Pay biometric solution, tactical guidance markers and voice guidance from TaluCard • Enhancing financial independence and security for visually impaired • Setting new standards for accessible paymen
Slide 13: Laser focus on flawless execution and profitable growth
Laser focus on flawless execution and profitable growth Market growth enabled by manufacturers scaling IDEX Pay and IDEX Access biometric platform solutions 01 02 03 Complete Opening Expanding solutions markets by to new driving market region and markets and adoption segment use cases Increasing ado
Slide 14: IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks
TM IDEX, TrustedBio, IDEX Biometrics and the IDEX logo are trademarks owned by IDEX Biometrics ASA. All other brands or product names are the property of their respective holders. Copyright © 2024 IDEX Biometrics ASA. All Rights Reserved.