Norwegian fingerprint sensor specialists Next Biometrics has announced interim results for the fourth quarter and all of last year.Operating revenue in the fourth quarter of 2015 was NOK 1.7 million, compared with NOK 0.2 million in the previous quarter and NOK 4.4 million in the fourth quarter of 2014.However, net loss in the fourth quarter of 2015 was NOK 47.5 million compared to a loss of NOK 29.9 million in the previous quarter.Next noted that the increased loss was mainly due to increased R & D costs and increased operational activity in Asia.The firm noted several achievements in the quarter, including Volume deliveries to Dell, the first tier 1 company customer and significant progress in smart card related research for NEXT fingerprint sensors.NEXT Biometrics CEO Tore Etholm-Idsoe said, “Throughout 2015, NEXT and its partners realized several key Smart Card-related development milestones regarding using NEXT fingerprint sensors for this important market. During this period and continuing into 2016 NEXT has focused large parts of the R&D resources to Smart Card activities, and NEXT sees significant opportunities within several of the major volume Smart Card market segments.””At present, NEXT is ramping up Smart Card related plans and activities regarding use of NEXT fingerprint sensors in this important market sector. Investments and the distribution of these are under discussion with strategic partners. Dependent of activity in this area, the group cash position may cover less than 12 months of operations and the NEXT Board will accordingly initiate activities to ensure relevant company financing.”

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