Norwegian company Next Biometrics reported a decline in both revenue and operating loss for the third quarter compared to the same period last year.

Revenue fell by 18.9 percent to NOK 3.0 million (3.7).

"Although we are facing some short-term challenges, the certified high quality of our products and increased market dynamics, combined with an expanded and well-received product range, make us confident that we will gradually increase our revenues over the coming quarters," commented CEO Ulf Ritsvall.

Gross profit reached NOK 1.5 million (-3.0), with a gross margin of 50.0 percent.

EBITDA was NOK -18.0 million (-19.1).

Operating result was NOK -19.2 million (-20.2).

Both pre-tax and after-tax results amounted to NOK -18.9 million (-20.1).

Earnings per share totaled NOK -0.16 (-0.19).

Net cash flow from operating activities amounted to NOK -13.5 million (-13.5).

Cash and cash equivalents stood at NOK 7.4 million (45.5).

Next Biometrics, MNOK Q3-2025 Q3-2024 Change
Net revenue 3.0 3.7 -18.9%
Gross profit 1.5 -3.0
Gross margin 50.0%
EBITDA -18.0 -19.1
Operating result -19.2 -20.2
Result before tax -18.9 -20.1
Net result -18.9 -20.1
Earnings per share, NOK -0.16 -0.19
Net cash flow from operating activities -13.5 -13.5
Cash and cash equivalents 7.4 45.5 -83.7%