Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. Market prognosticators are talking this week about a new “tone” in stock markets. Last week an early rally gave way to a sharp sell-off mid-morning. The market weakness continued through the next five trading sessions.

Fingerprint Cards tops Sweden Technology Fast 50 again

Fingerprint Cards is the first company to take first place for two consecutive years in Deloitte’s independent ranking of Sweden’s fastest growing technology companies, the Sweden Technology Fast 50. Fingerprint Cards saw growth of 6,858 percent. The company’s line of touch sensors come in 55 smartphone models with 23 different manufacturers. The company was founded in 1997 and is listed on the LargeCap list since 2016. Fingerprint Cards is the first company ever in the Swedish ranking’s fourteen-year history that

BIO-key doubles revenue on hardware sales growth

BIO-key reported a 118 percent revenue increase to $942,000 in its third quarter revenue report on Wednesday, driven by increased demand, broader distribution, and an expanded line of products including its TouchLock padlocks. Hardware devices made up over half of BIO-key’s revenues in the quarter ending September 30, rising 133 percent to $512,000, including $164,000 from sales of TouchLock, which launches in the U.S. this quarter. BIO-key reached deals to supply its SideSwipe fingerprint sensor to a government defense contractor

ViaTouch integrates EyeLock for “high-tech vending machine” AI

Iris recognition technology from EyeLock will be embedded into ViaTouch’s Auto-Retail solution to provide security and personalization, following an integration partnership announced Wednesday. Developed from its real-time, interactive media solution LISA (which stands for Luxery Interactive Smart Shelves), ViaTouch’s Vicki (ViaTouch Intellishelf Cognitive Kinetic Interactions) product uses artificial intelligence to serve as a virtual clerk and high-tech vending machine. EyeLock’s iris authentication technology with dual-eye verification enables a fast, user-friendly experience, according to the announcement. Vicki engages with customers, talk

NEXT Biometrics reports improved gross margins and revenue

NEXT Biometrics has issued the interim results for Q3 2017, with improved gross margins and revenue, and results for the first nine months ended September 30, 2017. The company’s Q3 revenue increased to NOK 25.4 million (US$3.1 million) compared to NOK 24 million (US$2.9 million) in Q2 2017. Meanwhile, the company’s gross margin improved to -4 percent in Q3 2017. In October, the company began production shipments of NB-2034-S2 fingerprint sensor to US Tier 1 notebook manufacturer, as well as

Precise Biometrics reports sales drop in tough capacitive sensor market

Competition in the capacitive sensor market caused a drop in sales for Precise Biometrics in Q3 2017, resulting in an operating loss, the company said as it reported its quarterly financial results. Net sales declined 56 percent year-over-year to approximately SEK 10.1 M, and the company’s operating margin fell 64 percent to a loss of SEK 6.5 M. Precise Biometrics CEO Håkan Persson said that a small number of companies with competitive advantages from early market entry dominate the market

Biometrics industry stocks this week

As the biometrics industry continues to grow, Biometric Update is bringing a new focus to the stories around the stocks in the sector. Check in with this space each week for a rundown of the financial news and interesting ideas from the week that was. This week we have added some companies to our biometrics industry stocks coverage. Both names have one thing in common–they’re reporting strong quarterly results. Calgary, Alberta, Canada-based company, NovaTeqni Corporation is focused on biometrics as

IDEX predicts huge second wave of biometric adoption in investor update

IDEX presented an investor update on Thursday, identifying a potential “second wave” of biometric adoption led by a smart card market which could reach 300 million units in 2020. The wave of adoption is set up by what the company touts as “the off-chip sensing revolution,” with low-cost, flexible sensors delivering a high degree of digital intelligence. Following the first wave of biometric adoption, which IDEX says was catalyzed by Apple, Mastercard is driving the second wave, according to the

ImageWare corporate update highlights growth potential from partnerships

ImageWare Systems reported revenues of $1.1 million for Q3 2017 on Thursday, the same as in Q2 but a 28 percent year-over-year increase, driven by higher license revenues. A net loss of $2.4 million, or $0.03 per share, was unchanged from Q3 2016, but the company’s gross margin improved by 6 percent. The company also updated its corporate progress in a conference call. ImageWare Chairman and CEO Jim Miller said in the call the $11 million raised with the completion

Fingerprint Cards board member resigns

Michael Hallén, Fingerprint Cards’ board member, has resigned from the board of the Swedish biometrics company. Hallén, President and CEO of Vizrt Group AS and Chairman of the Board of Paxport AB, resigned due to an increasing heavy workload and working conditions. The board remains in full decision power. In other company news, the new Smartisan Nut Pro2 features Fingerprint Cards’ touch sensor FPC1272, which is designed exclusively to be mounted under a layer of glass or ceramics. The FPC1272