Norwegian fingerprint solutions firm Next Biometrics has reported that its total revenue for the first quarter grew to 5.2 million Norwegian crowns ($621,786) versus 2.4 million crowns a year ago.The firm also noted that its net loss widened to NOK 49.5 million YoY versus a loss of 47.5 million crowns in previous quarter, and a loss 19.6 million crowns one year ago.In terms of quarter highlights, Next noted that Q1 focused on a scale-up of mass production for deliveries to Dell.It also said costs related to transition to new products and volume ramp-up have been booked in Q1Total R&D expenses, included in both payroll and other operating expenses, amounted to 25.8 million crowns in Q1 2016, compared to 13.9 million crowns in Q4 2015 and 12.3 million crowns in Q1 2015Meanwhile, Next aims to increase mass production capacity of flexible sensors to 2 million a month from H1 2017.
Next Biometrics reports revenue rise in Q1
