Norwegian capacitive swipe and touch fingerprint sensors firm IDEX has published financial results for the first quarter of 2015.IDEX made a loss of US$6.6 million in the period, an increase on the loss of US$4 million in the same quarter last year.While IDEX earned NOK 50,000 (US$6,800) in revenue from product deliveries, down from NOK 97,000 (US$13,100) in Q1 of 2014. Operating expenses grew to NOK 47.2 million, up from NOK 41.7 million in the preceding quarter, and NOK30.0 million in the first quarter of 2014.However, IDEX noted in its report that the firm “has a very strong balance sheet” because of the private placement to the Invesco funds in the first quarter of2014. As of 31 March 2015, IDEX held a cash balance amounting to NOK 181.0 million, and the company has no financial debt.”IDEX is ramping up across all key functions including product development, supply chain, operations and sales, to secure commercialisation of its products”, the firm added in its report.In a statement on its highlights and milestones for the quarter, the firm said: “IDEX is on the threshold of commercialising its best-in-class sensor technology as one of very few companies with IP for preferred capacitive fingerprint sensors for mass market applications in mobile, cards and Internet of Things”.”[IDEX is] expecting to sample off-chip touch sensors from May 2015, with deployment in mobile devices by year-end”.Earlier this year, IDEX demonstrated a new generation fingerprint touch sensor for mobile devices in strategic partnership with Cypress.Meanwhile, Woodford Investment Management also announced investment of NOK 297 million in IDEX, and the firm entered a partnership with Trustonic, a provider of Trusted Execution Environments (TEEs) for smart devices.