imantsu/E+ via Getty Images I highlighted my 'Buy' thesis on IDEX's (NYSE:IEX) in my previous article published in June 2024, arguing the moderation of order growth. IDEX released its Q2 result on July 31, reporting a 4% decline in organic revenue and lowering the full-year growth guidance due to project delays and overall softness in the industrial market. Despite these near-term headwinds, I favor IDEX's efforts in portfolio management and capital allocation. I reiterate 'Buy' rating with a fair price tar ...

Oslo, Norway and Nairobi, Kenya – 2 September 2024 – Vasmobile Fintelco is launching SkoolID, the African School ID and Smart Payment Card, based on the biometric card platform from IDEX Biometrics. The agreement and first production order represent a value of $1.4 million, with delivery starting in the fourth quarter of 2024. The multi-year agreement sets Vasmobile up to scale across Kenya in 2025 and further expansion into other parts of Africa as of 2026. Today Vasmobile is offering payment card solution ...

A month has gone by since the last earnings report for Idex (IEX) . Shares have added about 4.5% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Idex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. IDEX Q2 Earnings Top Estimates, Sales Miss,'24 View Down IDEX's sec ...

Reference is made to the notice on 29 August 2024 regarding settlement of a term payment on a convertible loan by issue of 9,123,333 shares at NOK 0.60 per share. The share capital has been registered and the shares will be delivered soonest. Following the issue, the company's share capital is NOK 50,812,483.20 divided into 338,749,888 shares, each with a nominal value of NOK 0.15. For further information contact: Marianne Bøe, Investor Relations E-mail: marianne.boe@idexbiometrics.com Tel: +47 918 00186 Ab ...

The board of directors of IDEX Biometrics ASA has resolved to issue 1,500,000 incentive subscription rights (SRs) to the CEO of the IDEX Biometrics group. The grant was made under the company's 2024 incentive subscription rights plan as resolved at the annual general meeting on 16 May 2024. The exercise price of the SRs is NOK 0.93 per share. The SRs vest by 25% per year over four years and expire on 16 May 2029. Following this grant there are 28,729,855 incentive subscription rights outstanding in IDEX Bio ...

Oslo, Norway, 28 August 2024 – IDEX Biometrics is bringing biometric authentication onto payment cards for the Indian market, together with a worldwide leader in payment services. India boasts more than 1 billion payment cards in circulation and has been a frontrunner in biometrics for many years. Live user experience and technology testing for the IDEX Pay biometric payment cards has been conducted with our Indian payment service partner, giving excellent results, and proving that biometric payment cards c ...

Reference is made to the notice on 20 August 2024 regarding a private placement of 16.2 million shares at NOK 0.60 per share. The share capital has been registered and the shares will be delivered soonest. Following the issue, the company's share capital is NOK 49,443,983.25 divided into 329,626,555 shares, each with a nominal value of NOK 0.15. As of today, 326,722,294 shares are tradeable. 2,904,261 shares are issued on a separate ISIN and will be tradeable upon approval of a listing prospectus. For furth ...

Oslo, Norway – 26 August 2024 – IDEX Biometrics has reached an important milestone for IDEX Pay by successfully passing Visa's certification using Visa's latest VBSS(*) biometric payment application. The IDEX Pay biometric solution includes the IDEX Biometrics proprietary card operating system and latest technology fingerprint sensor with Infineon's high performing SLC38 secure element. The Visa certification is the ultimate result of comprehensive biometric performance testing and ensures that payment's sc ...

Reference is made to IDEX Biometrics ASA's disclosure today of a private placement of shares. IDEX Biometrics discloses the following information on behalf of a primary insider. IDEX Biometrics CEO, Catharina Eklof, subscribed to 666,666 shares, ISIN NO0013107490, at NOK 0.60 per share. Contact person Marianne Bøe, Head of Investor Relations E-mail: marianne.boe@idexbiometrics.com Tel: +47 9180 0186 About IDEX Biometrics IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics ...

IDEX Biometrics ASA has completed a private placement of new shares in the company after market close 19 August 2024 by an accelerated book build. The private placement amounts to 16,166,667 shares at NOK 0.60 per share, raising NOK 9.7 million before expenses. The net proceeds from the private placement will be used to general corporate purposes. The payment date is 21 August 2024 and the shares are expected to be delivered on 23 August 2024. Following private placement, IDEX Biometrics ASA's share capital ...