Precise Biometrics reports sales growth in 2015
16 February 2016 12:27 GMT

Swedish fingerprint solutions firm Precise Biometrics has reported a rise in sales last year, crediting its partnerships on smartphone projects among other progress.

For the whole year, consolidated net sales increased to SEK 56.3 million (US$6.6 million) as opposed to 31.4 million in 2014. Overall, the company saw a loss of 9.4 million as opposed to 44.5 million the year before.

The news was even better for the fourth quarter in particular, with net sales increasing to SEK 23.4  million, generating a profit of 4.4 million.

The company’s CEO, Håkan Persson, revealed in a statement that the company was confident across a number of segments.

“The interest for fingerprint technology within other product areas than smartphones is growing rapidly. Hundreds of millions of people use fingerprint technology every day in their smartphones for greater convenience and security. The technology is accepted and will soon be found more or less in every person's hand, which will also lower the threshold for integration in other types of products.” 

“The company is stronger than ever, and is well-positioned for continued profitable growth. We have established Precise Biometrics as the leading supplier of fingerprint software for the mobile device market.”

Persson said the firm’s objective is to increase sales and market share within the segment of fingerprint technology for mobile devices, and to establish a leading position within new product areas that require a small sensor.

He also noted, however, that there is “good growth potential” within the Mobile Smart Card Solutions business area.

“Interest is rising within existing markets for Tactivo, and the possibility exists to develop new markets, primarily within the public sector, where a smart card is often required for secure mobile log-in to information”.

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