IDEX BIOMETRICS ASA
Sector unknown·IDEX · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Contract manufacturers as a business (EMS, CMO, CRO)
End markets
StrategyPositive impact: strengthens
“Supply chain IDEX operates with an asset light, fabless business model, leveraging external manufacturing partners to produce, assemble and test products.”
Annual report 2024A · The company itself
Market
“IDEX Biometrics sells its products and solutions directly to manufacturers or enterprises and in some cases through distributors and resellers. Customers of IDEX Biometrics are smart card manufacturers and system integrators of the Company’s hardware and software biometric technologies.”
Annual report 2024A · The company itself
Chains in: Biotech and drug development strengthens
Banks and insurance
End markets
Market
“Principal markets The Company has identified three main verticals with an accelerating need for biometric identity solutions: banking and payment, enterprise security and public services.”
Annual report 2024A · The company itself
Digitalisation
Technology
StrategyPositive impact: strengthens
“The core competencies of IDEX Biometrics are characterized by deep domain expertise and a multi-disciplined, systems engineering approach, and build on organizational strengths in the following domains: biometric imaging and processing, sensor architectures, integrated circuit design, materials, manufacturing, and packaging, algorithm, firmware, and software development, encryption technologies, NFC and power management and industrial design.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Industrial manufacturing
End markets
Market
“Principal markets The Company has identified three main verticals with an accelerating need for biometric identity solutions: banking and payment, enterprise security and public services.”
Annual report 2024A · The company itself
Public sector
End markets
Market
“Principal markets The Company has identified three main verticals with an accelerating need for biometric identity solutions: banking and payment, enterprise security and public services.”
Annual report 2024A · The company itself
Semiconductors and electronic components
Raw materials and inputs
StrategyPositive impact: strengthens
“The core competencies of IDEX Biometrics are characterized by deep domain expertise and a multi-disciplined, systems engineering approach, and build on organizational strengths in the following domains: biometric imaging and processing, sensor architectures, integrated circuit design, materials, manufacturing, and packaging, algorithm, firmware, and software development, encryption technologies, NFC and power management and industrial design.”
Annual report 2024A · The company itself
Chains in: Artificial intelligence strengthens
Inventories
Macro
DriverNegative impact: weakens
“Like many other companies in the electronics markets, IDEX Biometrics experienced some disruptions in the supply chain in 2022, when the company expected strong revenue growth. This led to placing orders and holding relatively high values of raw materials, carrying relatively large quantities of finished goods. The supply situation normalized in 2023, but purchase orders were binding and due to lower-than-forecasted volumes sold in 2023 and 2024, the inventory remains high.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“The 2024 number also includes $1.5 obsolescence charge because of business focus shift to the access market and possible overstocking situation.”
Annual report 2024A · The company itself
Global trade volumes
Macro
DriverNegative impact: weakens
“Like many other companies in the electronics markets, IDEX Biometrics experienced some disruptions in the supply chain in 2022, when the company expected strong revenue growth. This led to placing orders and holding relatively high values of raw materials, carrying relatively large quantities of finished goods. The supply situation normalized in 2023, but purchase orders were binding and due to lower-than-forecasted volumes sold in 2023 and 2024, the inventory remains high.”
Annual report 2024A · The company itself
Chains in: Tariffs and trade policy weakens, Geopolitical uncertainty weakens, Business cycle and GDP growth strengthens
Chains out: this strengthens Shipping and logistics
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0 bn USD |
| Revenue growth vs. the year before, same method | -79.7 % |
| EBITDA reported by the company | -0.02 bn USD |
| Net debt debt incl. leasing minus cash | 0 bn USD |
| Diluted EPS per share | -0.03 USD |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✗ |
| Growing | ✗ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (USD), not converted to DKK. Quotes are shown as the company's own words in the report's original language.