Fingerprint Cards completed its final full year before its planned merger with Precise Biometrics with revenue up, costs down and a wealth of optimism for the future of the combined entity’s physical-to-digital biometric security portfolio.
The company’s final annual report shows a 30 percent year-over-year increase to 78 million Swedish kronor (approximately US$8.4 million), and an EBITDA loss reduced by nearly 90 percent to SEK19 million ($2.1 million).
CEO Adam Philpott told Biometric Update earlier in April he anticipates major cost synergies, cross-sales opportunities and possibly inorganic growth opportunities.
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