• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Audited Results Illustrate FacePhi’s Best Year Ever

April 29, 2022

Audited Results Illustrate FacePhi's Best Year Ever

FacePhi has announced its audited results for 2021, and is celebrating what turned out to be its most successful year yet.

The company brought in €13.16 million in sales, compared to €7.26 million in sales the year before – an 81 percent increase. Its latest result is also well above the previous sales record achieved in 2019, when the biometric identity verification specialist saw €8.19 million in sales.

EBITDA, meanwhile, came in at €1.88 million for 2021, compared to €0.86 million EBITDA in 2020; though in a statement the company explained that this figure has been “adjusted for the extraordinary cost incurred by the non-competition and non-compete agreement reached for the compensation payment to one of the company’s Managing Directors and other expenses”.

While FacePhi’s portfolio includes other identity solutions, the company is best known as a pioneer in selfie-based biometric onboarding, establishing itself as a particularly strong presence in the Spanish and Latin American markets. In recent years, FacePhi has also sought to expand into new market areas, launching an APAC-focused subsidiary based in Seoul in 2019.

That having been said, in its announcement of its 2021 results, FacePhi said that its “unstoppable business growth is due, in large part, to the push it made in 2021 to strengthen its structure.” The company increased its workforce by 207 percent year-over-year, bringing the total staff roster to “more than 175 employees”.

FacePhi’s focus on attracting and retaining talent has been evident in recent months. With an eye to maintaining a healthy work-life balance, FacePhi announced at the end of last year that it would transition to a four-day work week; and, a month ago, the company revealed that it was relocating its head office in Alicante to the Panoramis Life & Business workspace the picturesque port area of the city.

Looking ahead, FacePhi says that it plans for further “unstoppable growth” after it had “taken the step from startup to scaleup” in 2021.

–

April 29, 2022 – by Alex Perala

Related News

  • FacePhi Brings in Record Revenue in 2021FacePhi Brings in Record Revenue in 2021
  • FacePhi Verifies Revenue Figures for 2020FacePhi Verifies Revenue Figures for 2020
  • FacePhi Continues Ascent, Announces Massive Sales Growth for H1 2022FacePhi Continues Ascent, Announces Massive Sales Growth for H1 2022
  • Reporting Strong European Growth, Onfido Teams With DACH Online Identity SpecialistReporting Strong European Growth, Onfido Teams With DACH Online Identity Specialist
  • FacePhi Provides Biometric Onboarding for Chile’s HitesFacePhi Provides Biometric Onboarding for Chile’s Hites
  • FacePhi Steers Into Car Sharing With WiBLE PartnershipFacePhi Steers Into Car Sharing With WiBLE Partnership

Filed Under: News, Stocks Tagged With: Biometric, biometrics, corporate results, corporate updates, face biometrics, FacePhi, facial recognition, FY 2021, selfie biometrics, selfie onboarding

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID Tech: America’s Most Murderous City Reverses Its Facial Recognition Ban [NEW]

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out

Identity School: Facial Recognition Cheat Sheet

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • NEXT Biometrics’ $2.2M India Deal Is Now ‘Irrevocable’
  • The FTC Wades into the Privacy Discourse: Biometrics News Digest
  • Liveness, Lawsuits, and TikTok: Biometrics News Digest
  • Eyeing EU Digital Wallet Opportunities, iProov Gets LoA High Certification
  • Authentication, Border Screening, Surveillance – Biometrics News Digest for August 10, 2022

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics