Precise Biometrics has issued its latest quarterly report and it’s a strong one.
Perhaps the biggest news to come out of the update is CEO Håkan Persson’s confirmation that Samsung System LSI Business, with which Precise Biometrics recently entered into a licensing agreement, “is now moving into the market for fingerprint sensors” – a subject of some recent industry speculation. Given Samsung’s prominence in the global smartphone market, that bodes well for Precise Biometrics.
The company is already doing pretty well, however, with Q3 having been “one of the company’s single best quarters,” according to Persson. It saw consolidated net sales come in at SEK 25.5 million, and an after-tax profit of SEK 17.8 million. Looking at the first three quarters of the year together, Precise Biometrics saw net sales of SEK 71.6 million and an after-tax profit of SEK 28.5 million.
Persson also suggested that Precise Biometrics’ efforts to expand its roster of clients “is now starting to pay off,” and highlighted the release of the Xiaomi Mi 5S, featuring an under-glass Qualcomm sensor running Precise Biometrics software, and the Xiaomi Mi 5S Plus, featuring an FPC sensor running the same, as “a first proof that our strategy to be an independent algorithm supplier, regardless of sensor technology, is sustainable.”
November 15, 2016 – by Alex Perala