IDEX Biometrics GAAP EPS of -$0.01 beats by $0.55, revenue of $0.93M misses by $0.06M

Nov. 10, 2022 3:26 AM ETIDEX Biometrics ASA (IDBA), IDXAFBy: Meghavi Singh, SA News Editor

IDEX Biometrics press release (NASDAQ:IDBA): Q3 GAAP EPS of -$0.01 beats by $0.55.
Revenue of $0.93M (+27.4% Y/Y) misses by $0.06M.
Gross profit margin, as a percentage of revenue, was approximately 12% for the third quarter of 2022, compared sequentially to approximately 7% in the second quarter of 2022.
The company’s cash balance totaled $9.1 million as of September 30, 2022, in contrast to $12.9 million as of September 30, 2021, and $33.8 million as of December 31, 2021.