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IDEX Biometrics ( (IDXAD) ) has issued an update.
IDEX Biometrics ASA has announced a revised business strategy plan following the release of its preliminary financial statements for 2024, resulting in a write-down of certain assets and an increased loss of USD 1.6 million. The company is also preparing for an extraordinary general meeting to consider a proposal to reduce share capital, reflecting strategic adjustments to enhance its market positioning.
More about IDEX Biometrics
IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity. The company focuses on card-based applications for payments and digital authentication, partnering with leading card manufacturers and technology companies to deliver its solutions.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.24M
For an in-depth examination of IDXAD stock, go to TipRanks’ Stock Analysis page.
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