NEXT Biometrics Group ASA (NXTBF) has released an update.
NEXT Biometrics Group ASA is planning a private placement to issue up to 5.5 million new shares, aiming to raise around NOK 40 million to support its expanding order pipeline. The company has seen substantial interest from existing and new investors, with expectations of reaching positive EBITDA in Q4 2024 and projected revenues of NOK 180-200 million in 2025. This strategic move comes as NEXT Biometrics experiences a significant 90% year-over-year revenue growth, highlighting robust market demand for its advanced fingerprint sensor technology.
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