NEXT Biometrics Group ASA (NEXT) held its Q1 2026 earnings call, revealing a strategic shift towards intellectual property licensing amid financial challenges. The company’s stock rose 6.06% despite a significant revenue drop and negative EBITDA.
The market reacted positively to announcements about new patents, partnerships, and technology certifications. Year-to-date, the stock has surged 52.75%, though with a beta of 1.65, high volatility is expected.
Revenue fell 40% compared to Q1 2025, primarily due to slow sales in India. The company revised its revenue guidance downward, acknowledging that reaching NOK 70 million for 2026 is unlikely.
CEO Ulf Ritsvall emphasized the strategic pivot: "We are now transforming. We’re creating this Anywhere on Display, which has the potential to transform the biometric and display market."
During the call, analysts questioned the validity of the revenue guidance and the potential value of the new technology. Ritsvall indicated that while the NOK 70 million target is unlikely, the company remains focused on strategic initiatives.
