Next Biometrics Group Asa · OSL:NEXT
Next Biometrics Group Asa — Q4 2024 Earnings Presentation
18 slides from Next Biometrics Group Asa's earnings presentation, Feb 19, 2025
Slide 1: Q4 Presentation
NEXT BIOMETRICS GROUP ASA Q4 Presentation February 19, 2025
Slide 2: Disclaimer
Disclaimer This presentation includes and is based, inter alia, on 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 projec
Slide 3: Today's speakers
Today’s speakers Ulf Ritsvall Eirik Underthun CEO, NEXT Biometrics CFO, NEXT Biometrics
Slide 4: Agenda
Agenda 1) 2024 Summary & Q4 Highlights 2) Q4 Financials 3) Business and market updates 4) Outlook 5) Q&A NEXT BIOMETRICS GROUP ASA
Slide 5: 2024 summary
2024 summary A year of transformation and growth 109% revenue growth (from NOK 34.4 million to NOK 73.0 million) Q3 record break-even quarter Record high adjusted gross margin (55%) for the year 18 new design wins in 2024 NEXT BIOMETRICS GROUP ASA
Slide 6: Highlights Q4 2024
Highlights Q4 2024 Strong Order Pipeline Contracted orders for Q4 exceeding Q3 revenue Q4 Revenues at NOK 13.3 million (down 7% compared to Q4 2023) Gross Margin of 61% (improved from 45% in Q4 2023) 6 new design wins FAP30 Engineering Samples & FAP MoU (18 MNOK per year) MoU for Government ID produ
Slide 7: Q4 Financials
Q4 Financials
Slide 8: Q4 2024 financial summary
Q4 2024 financial summary Profit and loss Revenues – NOK 13.3 m vs. NOK 14.3 m in Q4 2023 NOK million Q4 2024 Q4 2023 Gross margin – Adjusted Gross margin1) of 61% vs. 45% in Q4 2023 Revenue 13.3 14.3 Operating expenses COGS1) (5.1) (7.8) – Adjusted OPEX of NOK 19.9 m vs. NOK 14.8 m in Q4 2023 Gross
Slide 9: Continued strong gross margin
Continued strong gross margin Adjusted gross margin (%)1) 70% 60% 50% 40% 30% 20% 10% 0% Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 1) Gross margin adjusted for inventory writedowns NEXT BIOMETRICS GROUP ASA
Slide 10: Business and market updates
Business and market updates
Slide 11: Update L1 Aadhaar
Update L1 Aadhaar Short-Term Impact - Long-Term Gain • Temporary pause in Adhaar business • Main partner up for final approval, expecting to pass latest early March Increased Market Opportunity • Stricter security requirements • Boosting NEXT’s market share Positive Outlook • Adhaar program is cruci
Slide 12: FAP20 – Primary focus
FAP20 – Primary focus Product Overview & Market Fit • Competitive edge with low power, slim form factor and competitive price • Unique value proposition vs. competitors • Stay ahead with the development of Government ID products - higher ASP Go-to-Market & Sales Strategy • Strategic Expansion in Gov
Slide 13: Leveraging unique technology
Leveraging unique technology NEXT FAP30 product • Leveraging NEXT Biometrics´ patented Active Thermal® technology • First engineering samples shipped to customers (Mass Production during 2025) Opens new market segments • Addressing market segments with higher security requirements • Attractive USPs
Slide 14: Innovation
Innovation Large global display company interested in NEXT unique technology Leveraging NEXT Patented Active Thermal technology innovation, creating a solid long-term roadmap Validating a licensed model financed solely by global display partners – early R&D initiative NOT requiring additional cash T
Slide 15: Outlook
Outlook
Slide 16: Summary and Outlook 2025
Summary and Outlook 2025 Significant Revenue Growth • Target 180 – 200 million NOK revenue for 2025 • Revenue growth triggering change for NEXT press releases Continue to focus on strong FAP20 sales • Unique product offering drives competitive advantage • Achieve break-even quarters driven by strong
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Slide 18: nextbiometrics.com
nextbiometrics.com
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