Next Biometrics Group ASA (FRA:NT7)
€ 0.56 -0.002 (-0.34%) Market Cap: 64.76 Mil Enterprise Value: 60.99 Mil PE Ratio: 0 PB Ratio: 7.81 GF Score: 59/100
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Q2 2019 Next Biometrics Group ASA Earnings Call Transcript

Aug 20, 2019 / 06:30AM GMT
Release Date Price: €1.87
Dan Cronin
NEXT Biometrics Group ASA - Interim CEO

I'm Dan Cronin. I am the newly named interim CEO. Myself, Knut Stålen and Alain Faburel will be walking us through the presentation this morning. So let's jump right into it.

I start with the highlights. Q2 was a very good quarter for NEXT, excellent quarter, actually. And we're going to walk you through the details as to why we believe that and why we believe that we're positioned to capitalize on the strategy that we've put into place about 2 years ago.

So in the government ID section, as you're aware, we've been investing in this market for a while now. We've had some -- I shouldn't say we, the market has had some setbacks. Recently, the first being the Supreme Court decision, and then the second being the election that slowed down the market and basically, slowed down our ability to turn our investment into return.

The good news is that that's changing, and that the market, once again, is picking back up, and we're actually seeing traction starting in the form of PO. So we fully expect for those POs to materialize into

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