Swedish fingerprint software and hardware firm Precise Biometrics has reported that consolidated net sales increased to SEK 21.9 million (US$2.6m) in the second quarter.Profit after tax also rose to SEK 4.4 million from a loss of SEK 7.9 million in the same period last year, while earnings per share for the period increased to SEK 0.01.In a statement accompanying the results announcement, PB said that its mobile biometric algorithm, Precise BioMatch, Mobile has so far been included into seven different smartphones and tablets launched after the end of the second quarter.Other important developments included the signing of licensing agreements with sensor manufacturers IDEX and EOSMEN as well as the digital security company, Oberthur Technologies.CEO Håkan Persson said: “The second quarter was another good quarter for Precise Biometrics. The company has had a fantastic development during the past year. During the last 12-month period net sales increased with 176% to SEK 87.9 million (SEK 31.8). Corresponding EDITDA was SEK 26.5 million (- 27.3), an increase with SEK 53.8 million on an annual basis. I am of course not satisfied with the discontinued net sales growth compared to the first quarter, but I am convinced that we will have continued growth ahead. “However, he also noted that sales in the Mobile Smart Card Solutions business area were weaker than expected, primarily because of lower sales to the US government agency market and the Defense Logistics Agency.”However, we expect continued growth over time in this business area,” he said.”The first half of 2016 has been eventful, and I am satisfied with our overall development. We have strengthened our position as the leading supplier of fingerprint software. As more and more of our customers becomes qualified as suppliers, we are also reducing our reliance on individual partnerships”
Recent Articles
- Identity Week Europe 2026 raises the bar with 10 first-time speakers making their debut
- Sumsub joins World Economic Forum Unicorn Community to tackle AI fraud and advance inclusive digital identity
- Air carrier interface integrated into EES strategy
- Kentucky’s first mobile ID accepted for air travel
- FRONTEX expert to headline security document design at Identity Week Europe 2026
Recent Video
- New non-profit trade association of HAND will standardise global talent ID
- No cards, no phones: J.P. Morgan’s biometric revolution in payments
- Anthony Vidiano on building the future of access management
- Charisma Check wins 2025 Start-Up Pitching Competition, advancing identity verification and background checks for dating app users
- How to protect one billion Amazon customers: Lessons from continuous risk assessments
