IDEX Q3 2026 slides: revenue surges 4x amid cyber threat wave

IDEX Biometrics ASA reported a record quarterly revenue of NOK 6.6 million in Q3 2026, a fourfold increase from Q2, as the company capitalizes on escalating cybersecurity concerns driven by artificial intelligence and cyber incidents dubbed "Black October." The company's presentation highlighted the need for cryptographically verified human identity amid growing alignment across financial institutions, technology companies, and government agencies.

IDEX secured significant media coverage in Norway, with NOK 6.6 million in revenue falling short of the company's guidance of more than NOK 8.5 million. The company has NOK 17.9 million in backlog, with NOK 14 million scheduled for Q4 delivery. IDEX projects revenue exceeding NOK 14 million in Q4 2026, with potential upside from new orders.

The company closed its UK development site in Farnborough, consolidating operations in Oslo, expected to reduce annual operating costs by approximately NOK 20 million. IDEX expanded its pilot program and received five purchase orders in Q3 and Q4, including its largest IDEX Access order of USD 450,000 from a channel partner.