Biometrics stocks corporate updates: Fingerprint Cards, Zwipe, OneSpan, Idex and CyberLink
A number of publicly traded biometric companies have made recent announcements, reporting new sales, executive appointments, activities and share transactions. Taken as a whole, the communications indicate significant optimism and investment in the technology for several different application areas.
Volume order for Fingerprint Cards sensor
Fingerprint Cards has received an order for one hundred thousand T-Shape fingerprint sensors for integration in a secure online access and data storage product with the form factor of a card. The order is due for delivery this year, and the access control card features two-factor authentication for data and password protection.
“In February this year we announced our first significant order in the payment card area. We are pleased to see that our biometric technology is spreading to new card applications and to receive this first smartcard volume order outside of the payments area,” says Fingerprint Cards SVP Business Line Smartcards Thomas Rex.
New CFO for Zwipe
Zwipe has appointed Lars Myren as its new chief financial officer, taking over from former CFO Lisbeth Breum on an interim basis for a minimum period of 6 to 9 months. Myren brings international leadership experience from his time in the CFO role with technology companies including Broadnet and Eltel Sønnico, according to the announcement.
“We are happy to welcome Mr. Myren to the organization. He brings with him substantial experience, both as a CFO and within strategic business development, which fits well with Zwipe’s needs going forward as we prepare for the commercial scale-up of biometric payment solutions globally,” comments Zwipe CEO, André Løvestam.
OneSpan investor conferences
After announcing year-over-year revenue growth of 13 percent to $56.2 million in Q2, OneSpan has announced its participation in three upcoming conferences. OneSpan executives will host one-on-one meetings at the D.A. Davidson 18th Annual Technology Conference on September 4 in New York, at the Dougherty & Company Institutional Investor Conference on September 5 in Minneapolis, Minnesota, and at the Sidoti & Company Fall 2019 Investor Conference on September 25 in New York.
OneSpan, which rebranded from Vasco last year, reported revenue for the first six months of 2019 up 9 percent from the previous year. Adjusted EBITDA for Q2 was $2.5 million, GAAP loss per share was reported at $0.06, and non-GAAP earnings per share were $0.01.
“OneSpan’s mobile security software, subscription and hardware revenues all posted double-digit growth in the second quarter,” states OneSpan CEO Scott Clements. “Software and services bookings grew in excess of 30% sequentially and hardware bookings remained strong. We expect profitability to improve in the second half of 2019 on higher revenues, increasing contributions from software and services, and lower operating expenses.”
The company also reiterated its guidance for the full year of revenue in the range of $229 million to $237 million.
IDEX incentive subscription rights
Several upper managers and executives of Idex Biometrics were granted incentive subscription rights under the company’s 2019 employee incentive plan. Subscription rights were granted to individuals for blocks ranging in number from 74,500 to 2 million for CFO Derek D’Antilio. IDEX granted subscription rights to 12 employees, of whom the only ones already owning stock in the company are CEO Stan Swearingen (400,000 shares), Chief Innovation Officer Fred Benkley (50,000), and VP of Finance Erling Svela (203,167). The rights vest at 25 percent per year, and expire on May 9, 2024.
D’Antilio has exercised his rights to purchase 50,000 shares, while Board member Stephen A. Skaggs made five different purchases of 50,000 shares at prices ranging from $0.1782 to $0.2121.
CyberLink at Global Security Exchange
At the upcoming Global Security Exchange (GSX) in Chicago, September 2 to 12, CyberLink will unveil its new FaceMe & U Alerts solution. The combination of U Alerts and FaceMe facial recognition enables automated notification to be sent directly to mobile devices or PCs to notify relevant personnel that a registered visitor or person of interest has been identified.
CyberLink recently demonstrated FaceMe at RetailNOW 2019 in San Antonio, Texas. The company also plans to demonstrate FaceMe’s solutions for several use cases at GSX 2019, including combining facial recognition with U Alert, as well as anti-spoofing technology for liveness detection with 2D or 3D cameras, according to the announcement.
“FaceMe enhances security through its advanced technology, providing one of the fastest and most flexible edge-based solutions in the market,” says CyberLink CEO Dr. Jau Huang. “Using facial recognition in public and private safety, and combining this technology with instant notification tools like U Alerts, can dramatically improve crime prevention and detection.”