Suprema has announced its financial results for the fiscal year ended 31 December 2014. The company posted a record yearly revenue of US$65.5 million and an increase in market capital to US$357 million.The results were fuelled by all-time record revenue from access control and time and attendance devices as well as a strong performance in ID solution device sales.The company's revenue jumped 26.2% from US$49.2 million in 2013, and market capital again reported double-digit growth. Suprema says its revenue growth has considerably exceeded its five-year average CAGR of 17.8%.Of the four global region groups that Suprema serves, Europe generated the lions' share of revenue with 41%. The Americas were next with 21% and Asia & Pacific and Middle East & Africa delivered 20% and 18%, respectively."I believe the healthy growth of Suprema's revenue is a testament to the superior quality of our products and services," says its CEO, James Lee. "Strong growth in an established market such as Europe is proof of our competitiveness. The new products scheduled for release in 2015, along with our recently released BioStar 2, web-based Open Security Platform, will set the foundation for Suprema's market expansion in 2015."
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