Novetta closes Q3 2017 with $284M in contract wins

Novetta closed the third quarter with $284 million in contract awards, a 77 percent increase year over year. These recent contract awards further establishes Novetta’s leadership role in machine learning, computer vision, advanced data exploitation and cyber security research for the defense and intelligence communities. “Implementing a proven business development model, most effectively promotes our ongoing investments in innovative technology,” said Brian W. Hobbs, senior vice president of business development and strategy at Novetta. “We are now positioned to successfully

NEXT Biometrics reports Q2 2017 results, CEO discusses strategic outlook

NEXT Biometrics Group ASA reported the interim results for Q2 2017 and H1 2017 ended June 30, 2017, while CEO Ritu Favre outlined NEXT’s strategic focus going forward. The company reported a revenue of NOK 24 million (US$3.1 million) in Q2 2017, compared to NOK 24.1 million (US$3.11 million) in Q1 2017. In H1 2017 operating revenue amounted to NOK 48.1 million  (US$6.2 million), compared NOK 31.8 million (US$4.1 million) in H1 2016. NEXT reported a net loss of NOK 41.9 million (US$5.4

ImageWare Systems reports Q2 2017 revenues of $1.1M

ImageWare Systems, Inc. has issued financial results for Q2 2017, as well as a corporate update to highlight the company’s progress since its last quarterly update on May 10, 2017. The company’s total revenues in Q2 2017 were up 6 percent to $1.1 million compared to $1.0 million in Q2 2016. Meanwhile, gross margin in Q2 2017 increased 400 basis points to 76.4 percent from 72.4 percent in the year-ago quarter, which was primarily due to higher software licensing revenues.

IDEX issues financial results for H1 2017, reports $1.5M in revenues

IDEX ASA has issued its interim report for the first half of 2017 which reveals revenues of NOK 4.7 million (US$590,000 million) in Q2 2017 and NOK 11.5 million (US$1.5 million) in H1 2017. In the corresponding periods of 2016, the company reported NOK 14.1 million (US$1.9 million) and NOK 17.7 million (US$2.2 million), respectively. During H1 2017, IDEX has launched some notable technology innovations, as well as making significant commercial progress on its biometric card programs. The company launched

Gemalto reports $867.4M revenue in Q2, 2017 outlook revision

Gemalto issued its preliminary H1 2017 results, which included reported revenue of €742 million (US$867.4 million) in Q2 2017, a 9 percent decrease at constant exchange rates compared to Q2 2016. For H1 2017, Gemalto profit from operations is in line with expectations at approximately €93 million (US$108.8 million). The company said that expects its Q2 2017 double digit decline for payment in Americas and SIM business to continue for the rest of the year. Fortunately, this decline will be

FPC issues Q2 2017 report, announces Qualcomm partnership

Fingerprint Cards (FPC) has released an interim report for Q2 2017, which saw revenues amounted to SEK 823.4 million (US$100 million) compared to SEK 1,666.1 M (US$202.2 M) in Q2 2016. The gross margin for the quarter was 36 percent, while operating profit amounted to SEK 72.0 M (US$8.7 M), compared to SEK 675.1 M (US$82 M) in the year-earlier period. Meanwhile, the company’s earnings per share before dilution amounted to SEK 0.10 M (US$10,000) compared to SEK 1.72 M

Biometrics industry stocks: weekend news rundown

As the biometrics industry continues to grow and expand Biometric Update is bringing a new focus to some of the stock stories in the sector. Check in with this space each weekend for a rundown of some of the financial news emerging out of the group of biometrics industry stocks we like to follow. -Massachusetts-based tech firm Aware Inc. was recently the focus of a report on the popular investment-focused website Seeking Alpha. According to the report the fact that

BIO-key to host Q1 2017 earnings conference call

BIO-key International will issue its Q1 2017 results post-market on May 15, and management will host a conference call to review the results on May 16 at 10:00 am EDT. Chairman and CEO Mike DePasquale, CFO Cecilia Welch and COO Barbara Rivera will be participating on the call. The company recently raised $1 million through the sale of common stock priced at $3.60 per share through a private placement with an existing investor and member of its Board. At the

Fingerprint Cards issues Q1 2017 financial results, appoints CTO

Fingerprint Cards (FPC) issued its financial results for Q1 2017, which fell well below expectations as an excess of inventories industry wide and increased competition impacted the company’s revenue, according to a report by Reuters. The decline in earnings comes after FPC’s ditched plans last month for what would have been its first dividend. FPC revealed in March that its Q1 2017 revenue would drop by more than 50 percent due to weakened demand from smartphone makers and the inventory

FPC to implement long-term incentive program, issue Q1 2017 report

Fingerprint Cards (FPC) recently held an annual general meeting at which the company’s senior management team followed through on a proposal to maintain previous levels of pay for board members, instead of raising their fees as previously planned. The decision was made based on FPC’s previously forecasted decline in revenues for the first half of 2017. FPC also decided at the meeting to implement a long-term incentive program in which 25 employees of the company will have the opportunity to