IDEX Biometrics ( (IDXAD) ) has provided an update.
IDEX Biometrics has won an arbitration case at the Oslo Chamber of Commerce against Zwipe AS concerning a warranty dispute over part deliveries, with Zwipe ordered to pay IDEX USD 702,000 plus legal fees. This decision marks a significant resolution for IDEX, potentially enhancing its market reputation and financial standing by securing due receivables and legal costs.
More about IDEX Biometrics
IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity. Their technology, based on proprietary sensor and software designs, focuses on card-based applications and is developed in partnership with leading card manufacturers and tech companies.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.54M
See more data about IDXAD stock on TipRanks’ Stock Analysis page.