IDEX Biometrics ASA: First quarter 2025 report

21 May 2025 08:52 CEST

IDEX Biometrics ASA's first quarter 2025 report is attached to this notice.

Recent highlights:

On 11 March 2025 IDEX Biometrics announced a new strategy with a fundamental
shift in how the company would take its unique technology and products to market

New CEO appointed - Anders Storbråten

Securing a new debt facility of NOK 30 million, converted to shares

Heights convertible bond renegotiated and amended

Range of operational improvement initiatives under way - target quarterly run
rate OPEX from end Q3 2025 in the range of $1.5-1.7 million.

Production order in Japan from the manufacturing partner Beautiful Card
Corporation (BCC). The order has a value of approx. USD 50,000

Order received from DigAware to deliver biometric sensor solution for access
cards with sensor systems from IDEX

IDEX Biometrics receives IDEX Pay order for VISA biometric cards in the Middle
East & Africa region of 10,000 units

KONA I granted Mastercard Letter of Approval for IDEX Pay biometric cards

Completed debt conversion, launching subsequent offering allowing investors to
participate at the same terms as shareholders participating in the debt
conversion

Financial results Q1 2025:

Revenues of $0.1 million in the quarter.

Ordinary operating expenses amounting to $2.4 million.

Net loss was $4.1 million.

Cash balance per 31 March 2025 at $1.1 million

IDEX Biometrics CEO Anders Storbråten will host a presentation at Arctic
Securities at 12:00 CET today. The presentation will be published to the stock
exchange.

IDEX Biometrics' reports and presentations are available on our website:
www.idexbiometrics.com/investors (http://www.idexbiometrics.com/investors)

For further information, please contact:

Kristian Flaten, CFO, Tel: +47 95092322

E-mail: ir@idexbiometrics.com (mailto:ir@idexbiometrics.com)

About IDEX Biometrics:

IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint
biometrics, offering authentication solutions across payments, access control,
and digital identity. Our solutions bring convenience, security, peace of mind
and seamless user experiences to the world. Built on patented and proprietary
sensor technologies, integrated circuit designs, and software, our biometric
solutions target card-based applications for payments and digital
authentication. As an industry-enabler we partner with leading card
manufacturers and technology companies to bring our solutions to market. For
more information, visit www.idexbiometrics.com (http://www.idexbiometrics.com)

About this notice:

This notice was issued by Kristian Flaten, CFO, on 21 May 2025 at 08:52 CET on
behalf of IDEX Biometrics ASA. This information is subject to the disclosure
requirements pursuant to the Norwegian Securities Trading Act section 5-12.

More information:
Access the news on Oslo Bors NewsWeb site

647007_IDEX BIOMETRICS Q1 2025 REPORT.pdf