Due to the strong competitive situation for Precise Biometrics´ customers, sales have not increased in line with the company´s previous projections. Therefore, Precise Biometrics revises its revenue guidance for the full-year 2017 from previous guidance of around SEK 83 million to revenues in the range of SEK 60-70 million. Due to the weaker sales development, the company will show an operating loss, which deviates from the previous guidance that the full-year 2017 would result in an operating profit.
In the run up to Money 20/20 in Las Vegas, Precise Biometrics announces a powerful and efficient upgrade of its market-leading fingerprint solution for smart cards that will lower total product costs, supporting the growth of biometric payment cards.
Precise Biometrics’ algorithm solution for fingerprint recognition in smart cards, Precise BioMatch Embedded, has been integrated in the world’s first dual interface payment card from AirPlus.
Fredrik Sjöholm, Senior Sales Director at Precise Biometrics with responsibility for sales and business development of new product areas, has been appointed to the management team.