• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Log In
  • Member Registeration
  • Account
  • 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

FacePhi Reports 60 Percent Sales Increase for H1 as CEO Takes Board Chair

July 26, 2021

FacePhi Reports 60 Percent Sales Increase for H1 as CEO Takes Board Chair

FacePhi‘s growth trajectory continues, with the company reporting important upward trends in a “results preview” for the first half of the year.

While revenues had contracted somewhat in 2020 due to the impact of COVID-19, FacePhi had nevertheless managed to outperform the previous year in terms of the amount of new contracts won. And it looks like business has picked up further as the global economy started to revive in 2021, with FacePhi now reporting a 60 percent increase in revenues for the first half of 2021, compared to the first half of 2020.

The company indicated that it has been experiencing “constant growth” in the Latin America and APAC regions in particular. With respect to the latter, the Spain-based biometrics specialist first got a foothold when it opened a South Korea-based subsidiary in 2019, and has since won multiple client contracts in the region.

While FacePhi is reporting a negative EBITDA of €581,734, the company says it is “a considerable improvement” compared to H1 2020.

The company’s ongoing growth is also internal, with FacePhi continuing to expand its workforce. In 2020, FacePhi had more than doubled its staff, bringing the roster from 35 people to 61. Now, in the middle of 2021, the company has 124 employees, an increase of 103 percent.

The announcement of FacePhi’s preliminary results arrives alongside an important managerial change: Salvador Martí is stepping down from his position as Chairman of the Board, and will be replaced by FacePhi CEO Javier Mira. In a statement, Martí explained that he is leaving the post to focus on the growth of CF Intercity, a soccer team he co-founded that “will soon go public.”

Mira, meanwhile, called the decision “brave and understandable from the point of view of an engaged entrepreneur,” adding that Martí “has been an extraordinary travelling companion to whom I have nothing but words of thanks.”

Mira will lead FacePhi as both CEO and Chairman of the Board, with Fernando Orteso acting as Vice Chairman of the Board.

–

July 26, 2021 – by Alex Perala

Related News

  • FacePhi Reports Best Fiscal Year YetFacePhi Reports Best Fiscal Year Yet
  • FacePhi Verifies Revenue Figures for 2020FacePhi Verifies Revenue Figures for 2020
  • FacePhi Extends Korean Presence With Investment Bank DeploymentFacePhi Extends Korean Presence With Investment Bank Deployment
  • Marking a Decade of Success, Facephi Unveils New LogoMarking a Decade of Success, Facephi Unveils New Logo
  • Facephi Breaks More Records in Q3 UpdateFacephi Breaks More Records in Q3 Update
  • FacePhi Continues Ascent, Announces Massive Sales Growth for H1 2022FacePhi Continues Ascent, Announces Massive Sales Growth for H1 2022

Filed Under: News, Stocks Tagged With: Biometric, biometrics, board of directors, corporate growth, corporate updates, face biometrics, FacePhi, facial recognition, financial services biometrics, fiscal updates, H1 2021

Primary Sidebar

Watch This Finance-Focused On-Demand Webinar

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 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

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.

HID logo

HID powers the trusted identities of the world’s people, places and things. Our trusted identity solutions give people convenient and secure access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people use HID products to navigate their everyday lives, and billions of things are connected through HID technology. https://www.hidglobal.com/

Prove Logo

As the world moves to a mobile-first economy, businesses need to modernize how they acquire, engage with, and enable consumers. Prove’s phone-centric identity tokenization and passive cryptographic authentication solutions reduce friction, enhance security and privacy across all digital channels, and accelerate revenues while reducing operating expenses and fraud losses. Over 1,000 enterprise customers use Prove’s platform to process 20 billion customer requests annually across industries including banking, lending, healthcare, gaming, crypto, e-commerce, marketplaces, and payments. https://www.prove.com/

Recent Posts

  • Download The 2023 Biometric Digital Identity Prism Report
  • Prism Placement Request Form
  • AI Update: Deepfake Disinformation Makes Its Electoral Debut
  • ID R&D Outperforms in NIST’s Passive Presentation Attack Detection Evaluation
  • Passkeys and Passive PAD – Identity News Digest

Biometric Associations

IBIA and fido

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 © 2023 FindBiometrics