Precise Biometrics reports strong growth and positive EBITDA for 2015

February 16, 2016 - 

Precise Biometrics has reported its Q4 and year-end report for 2015, which showed strong growth and a positive EBITDA for both the quarter and fiscal year.

For Q4, Precise saw a net sales of SEK 23.4 million (US$2.75 million), and profit after tax of SEK 4.3 million (US$510,000).

In terms of its full-year results, the company saw a consolidated net sales of SEK 56.3 million ($US6.61 million), while its net loss after tax was SEK -9.4 million ($US-1.1 million), which represents a considerable decrease over its 2014 results.

Precise Biometrics CEO Håkan Persson pointed out that for the first time in the company’s history, Precise Biometrics attained an EBITDA operating profit of SEK 0.5 million (US$60,000).

Persson noted that the ‘rapidly’ growing mobile fingerprint sensor market — which has become an area of strength for both Precise Biometrics and hardware partner Fingerprint Cards — continues to rise.

The company began integrating its desktop and physical access solutions business into mobile smart card solutions from the start of 2016.

Precise Biometrics highlighted several milestones that it achieved in 2015, including the integration of Precise BioMatch Mobile into over 55 smartphones from more than 25 manufacturers, signing licensing agreements with eight sensor manufacturers, and receiving several follow-on orders for Tactivo from the Defense Logistics Agency.

“The company is stronger than ever, and is well-positioned for continued profitable growth,” said
Persson. “We have established Precise Biometrics as the leading supplier of fingerprint software for the mobile device market. The volume within the market and the number of utilization areas for fingerprint technology is increasing rapidly. Our objective is to increase sales and market share within the segment of fingerprint technology for mobile devices, and to establish a leading position within new product areas that require a small sensor.”

Persson added that there is “good growth potential” within the company’s mobile smart card solutions business area, as well as there being increasing interest “within existing markets for Tactivo, and the possibility exists to develop new markets, primarily within the public sector”.

Previously reported, Fingerprint Cards (FPC) and Precise Biometrics fingerprint technology has been integrated into the latest Lenovo K5 Note smartphones.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.