An announcement from IDEX Biometrics ( (IDXAD) ) is now available.
IDEX Biometrics has achieved significant milestones, including the certification of its IDEX PAY platform for biometric payment cards with Visa and Mastercard, and the first commercial launch in Japan with Life Card. The company has also streamlined operations, improved cost efficiencies, and completed a rights issue, although it reported no product revenues and a net loss of $2.1 million in the fourth quarter of 2024.
More about IDEX Biometrics
IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity. The company leverages patented sensor technologies, integrated circuit designs, and software to offer secure and convenient biometric solutions, primarily targeting card-based applications. IDEX partners with leading card manufacturers and technology companies to bring its solutions to market.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.15M
For a thorough assessment of IDXAD stock, go to TipRanks’ Stock Analysis page.