Revenue update Q2

08 Jul 2024 06:30 CEST

With reference to the communicated target of EBITDA adjusted break even for Q2
2024, NEXT Biometrics reports preliminary revenue figures of approximately NOK
18 million for the quarter.

Orders received in the quarter were at the expected level. However, several
orders were received late in the quarter, and a significant part of this could
not be fulfilled in time before June 30, and therefore, these orders have to be
booked in Q3.

Product gross margins in the quarter were record high, and operating expenses
remained stable.

The company expects to be profitable in the second half of 2024.

The Q2 financial report will be presented on August 20.

This information in this stock exchange announcement is considered to be inside
information pursuant to the EU Market Abuse Regulation and is published in
accordance with section 5-12 the Norwegian Securities Trading Act.

For more information, please contact:
Ulf Ritsvall, Chief Executive Officer
ulf.ritsvall@nextbiometrics.com

Eirik Underthun, Chief Financial Officer
eirik.underthun@nextbiometrics.com

About NEXT
NEXT provides advanced fingerprint sensor technology that delivers uncompromised
security and accuracy for the best possible user experience in the payment and
fintech, government ID, access control and office and notebook markets. The
company’s patented NEXT Active Thermal ® principle allows the development of
large, high-quality fingerprint sensors with superior security level. NEXT
Biometrics Group ASA is headquartered in Oslo, with sales, support, and
development operations in Seattle, Taipei, Tokyo, New Delhi and Shanghai.

This stock exchange announcement was published by Eirik Underthun, CFO at NEXT
Biometrics Group ASA, on 8 July 2024, at 06:30 hours (CEST).

More information:
Access the news on Oslo Bors NewsWeb site