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NEXT Biometrics Group ASA (NXTBF)
OTHER OTC:NXTBF
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.12Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 0.00%
|Next Earnings Date:Aug 20, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth and product expansion, indicating a positive trajectory for NEXT Biometrics. However, challenges such as negative EBITDA and cash flow issues were noted.Company Guidance
During the Q3 2024 earnings call for NEXT Biometrics, executives Ulf Ritsvall and Eirik Underthun provided a comprehensive overview of the company's recent performance and future outlook. They reported a remarkable 360% growth in revenues compared to Q3 2023, reaching NOK 27.6 million, alongside an improved gross margin of 52%. The company added four new customers in China, contributing to a total of 59 accumulated customers. Operating expenses, excluding options, were NOK 15.7 million, up from NOK 12.8 million in the previous year, reflecting increased sales and R&D efforts. Despite a negative adjusted EBITDA of NOK 1.5 million, this marked a significant improvement from the previous year's negative NOK 10.5 million. Cash reserves stood at NOK 45.5 million, although operational cash flow was impacted by slow cash collection. The company anticipates continued strong revenue growth and a stable gross margin above 50% going into 2025, with a secured revenue pipeline exceeding NOK 550 million.Record Quarterly Growth
NEXT Biometrics reported its best quarter ever with a 360% growth compared to Q3 2023, ending with NOK 27.6 million in revenues.
Strong Gross Margin
The gross margin improved to 52% from 37% in Q3 2023.
New Customer Acquisitions
Added 4 new design wins, all ODMs in China, increasing the accumulated customer base to 59.
Expansion into New Markets
Shipped sensors to new markets including Malaysia, Pakistan, and initiated a project in Bangladesh.
Innovative Product Developments
Announced a new governmental-ID product and launched the NEXT FAP30 product with positive market feedback.
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NXTBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NXTBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $0.73 | $0.73 | 0.00% |
| Aug 20, 2024 | $0.73 | $0.73 | 0.00% |
| May 07, 2024 | $0.73 | $0.73 | 0.00% |
| Feb 14, 2024 | $0.73 | $0.73 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does NEXT Biometrics Group ASA (NXTBF) report earnings?
NEXT Biometrics Group ASA (NXTBF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is NEXT Biometrics Group ASA (NXTBF) earnings time?
NEXT Biometrics Group ASA (NXTBF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NXTBF EPS forecast?
Currently, no data Available
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