Sales dropped during the third quarter due to the company's having won fewer customer projects because of tough competition in the market for capacitive sensors. The lower level of sales resulted in an operating loss. The technology shift from capacitive sensors to new sensor technologies is opening up new opportunities. Precise Biometrics is involved in […]

Sales in the remaining operation, Fingerprint Technology, increased during the quarter. The partnership with Silead has resulted in substantial royalty revenues as Precise BioMatch Mobile has been launched in a number of phone models from one of the world’s biggest manufacturers. Precise Biometrics concluded an agreement with IDENTOS to divest the Mobile Smart Card Solutions business area in order to focus its activities on the Fingerprint Technology business area.

Growth in the fingerprint market is still strong. Revenues from several of our customers are growing. As previously indicated, sales during the first quarter were lower than in the previous year and are a consequence of the ongoing market and customer transformation. Together with investments in the business for growth, operating profit ended up negative.

PRECISE BIOMETRICS AB (PUBL), CORPORATE IDENTITY NO. 556545-6596

INTERIM REPORT FOR THE PERIOD JANUARY-SEPTEMBER 2016

PRECISE BIOMETRICS AB (PUBL), CORPORATE IDENTITY NO. 556545-6596, INTERIM REPORT FOR THE PERIOD JANUARY-JUNE 2016