Precise Biometrics revises full-year 2017 revenue from $9.9 M to $8.4 M

Precise Biometrics has revised its revenue guidance for the full-year 2017 from its previous guidance of around SEK 83 million (US$9.9 million) to revenues in the range of SEK 60-70 million (US$7.2-8.4 million). The company attributes the lower revenue projections to the strong competitive landscape of its customers, which has prevented them from increasing sales in line with Precise Biometrics’ previous projections. As a result of the weaker sales development, Precise Biometrics will show an operating loss. This deviates from

Aware reports $5.9 M revenue in Q3 2017

Aware, Inc. reported financial results for Q3 2017, in which the company earned revenue of $5.9 million — the exact same revenue it reported for Q3 2016. Meanwhile, operating income in Q3 2017 was $1.7 million compared to $2.3 million in Q3 2016. The company attributes this decline primarily to higher research and development expenses, as well as lower patent related income from an unaffiliated third party. Net income in Q3 2017 was $1.2 million, compared to $1.6 million in

Precise Biometrics upgrades its fingerprint solution for smart cards

Precise Biometrics has upgraded its market-leading fingerprint solution for smart cards. In an effort to lower total product costs, Precise BioMatch Embedded now supports even smaller fingerprint sensors with an area down to 30 mm2 and constrained MCU’s that enable power efficient biometric smart cards, while meeting the biometric performance requirements set by the payment card industry. In addition to supporting even smaller fingerprint sensors, Precise BioMatch Embedded offers the highest security in fingerprint authentication by addressing both biometric performance

Precise Biometrics enters licensing agreement with sensor manufacturer Haptrics

Precise Biometrics has entered into a commercial software license and distribution agreement with Korean sensor manufacturer Haptrics for the licensing of Precise BioMatch Mobile. Precise BioMatch Mobile is a patented hybrid algorithm solution optimized for small fingerprint sensors and platforms with limited processing power and memory space. The agreement gives Precise Biometrics annual revenues for the right to use the company’s algorithm solution and for support. The agreement also generates licensing revenues based on the number of sold sensors from

Precise Biometrics algorithm solution integrated in CardLab biometric card reference design

Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, wearables and IoT, Precise BioMatch Embedded, has been integrated in a biometric card reference design from CardLab. The integration is a result of the cooperation with Fingerprint Cards who recently announced that its T-Shape module has been integrated in CardLab’s biometric card reference design. In February 2017, CardLab was granted support from the EU Commission under the Horizon 2020 program with the scope to embed a fingerprint sensor solution in

Precise Biometrics sees increased sales in Q2 2017 totaling $2.5M

Precise Biometrics has issued its financial results for Q2 2017 in which the company’s net sales for the remaining operation totaled SEK 20.2 million (US$2.5 million) compared to SEK 18.9 (US$2.3 million) a year ago. The company’s operating profit for the remaining operation totaled SEK 0.5 (US$60,000) compared to SEK 5.3 million (US$0.7 million). Meanwhile, the company’s net sales for the remaining operation during the interim period totaled SEK 36.8 (US$4.5 million) compared to SEK 39.6 million (US$4.9 million). The operating profit/loss

Aware issues Q2 2017 financial results with $2.7M in revenue

Aware, Inc. issued financial results for Q2 2017 with $2.7 million in revenue, compared to $6.9 million in the same quarter last year. The company’s operating income in Q2 2017 was $0.2 million compared to $2.1 million in Q2 2016. The company attributes the decrease in revenue and operating income primarily to a large biometrics software license sale to a U.S. government military customer and a large medical imaging license sale in Q2 2016 whereas there was no such revenue

O-FILM licenses Precise Biometrics’ algorithm solution for fingerprint recognition

Precise Biometrics has entered into a commercial software license and distribution agreement with Chinese module house O-FILM for the licensing of Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The patented hybrid algorithm solution is optimized for small fingerprint sensors and platforms with limited processing power and memory. The agreement generates royalty revenues based on O-Film’s sales of fingerprint identification modules with Precise BioMatch Mobile for one of their sensor partners. “We are pleased that

Precise Biometrics’ algorithm solution integrated in Qualcomm ultrasonic fingerprint sensors

Precise BioMatch Mobile, an algorithm solution for secure fingerprint recognition in smartphones and tablets, has been integrated in Qualcomm Fingerprint Sensors, the company’s next-generation ultrasonic fingerprint solutions, introduced last week at the Mobile World Congress Shanghai 2017. The new line of fingerprint solutions includes new and improved features not included in the previous generation of Qualcomm Snapdragon Sense ID fingerprint technology, including sensors for display, glass and metal, detection of directional gestures, underwater fingerprint match and device wake-up. It also

FPC and Precise Biometrics fingerprint technology featured in the AGM X1

AGM Mobile launched its AGM X1 mobile device featuring fingerprint technology from Precise Biometrics and Fingerprint Cards. The waterproof fingerprint scanner on the AGM X1 uses the FPC1155 sensor from Fingerprint Cards and Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. Earlier this month, Hong Kong’s MeReal Biometrics introduced its V2 smartcard featuring Fingerprint Cards’ low power consumption FPC1320 sensor and Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded.