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. Markets continue to trade near record highs. Why this continues to be the case was the subject of an interesting letter released this past week by controversial, high-profile New York-based hedge fund manager David Einhorn,

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

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

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. -U.S. stock market indexes sold off earlier this week. The declines were led by fairly sharp plunge in technology shares. One of those tech companies selling off was Apple. It seems investors were spooked by

FPC and Precise Biometrics tech deployed in contactless payment card

Fingerprint Cards‘ FPC1300-series sensor and Precise Biometrics’ algorithm solution for fingerprint recognition in smartcards, Precise BioMatch Embedded, has been integrated in a dual interface payment card from AirPlus International. According to Fingerprint Cards, the FPC1300-series sensor excels in power consumption and is the only solution on the market today which can handle the contactless operation requirements. The dual interface payment card allows users to verify transactions both contact and contactless. The aim is to bring new innovation to corporate travelers,

Precise Biometrics releases whitepaper on spoof and liveness detection

Precise Biometrics released a new whitepaper entitled “Spoof and Liveness Detection for the Mobile Biometrics Market”, which offers an introduction to spoof and liveness detection. Among the topics covered in the whitepaper are how a fingerprints spoof is done, current anti-spoofing solutions, and the standardization efforts taken to discover ways to evaluate spoof detection. According to Precise Biometrics, mobile payments is expected to be the next “killer application for biometrics and further accelerating the adoption.” The whitepaper forecasts that the

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. -In the months after the American election markets boomed as investors assumed a Republican administration would be good for Wall Street. Many thought he would cut taxes and promote business friendly policies. But now the