STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Precise Biometrics (STO:PREC):
YEAR END REPORT 2014
· The group’s net sales for the financial year 2014 was SEK 31.4 million (34.9), respectively SEK 9.9 million (2.9) for the fourth quarter.
· The group’s operating result for the year was SEK -44.5 million (-42.2), respectively SEK -9.7 million (-19.7) for the fourth quarter. Impairment losses of inventory and intangible assets have impacted the annual result with SEK -7.4 million and the fourth quarter with SEK -4.4 million.
· The group’s net result for the year was SEK -44.0 million (-43.3), respectively SEK -9.6 million (-19.0) for the fourth quarter.
· Earnings per share for the period were SEK -0.13 (-0.14), respectively -0.03 (-0.06) for the fourth quarter.
· Available cash at the end of the period amounted to SEK 59.7 million (101.2).
MAIN EVENTS IN FOURTH QUARTER
· Precise BioMatch™ Mobile was integrated in yet another smartphone, Oppo N3.
· Precise Biometrics entered into an agreement with Synaptics for licensing of Precise BioMatch Mobile. The license agreement enables Synaptics to use Precise Biometrics fingerprint algorithm into their touch fingerprint sensors and solutions.
· Precise Biometrics delivered Tactivo™ readers to a value of SEK 1.0 million to the Defense Logistics Agency (DLA) within the US Department of Defense. DLA is implementing a mobility solution that enables secure e-mail and browsing capabilities from iOS devices (iPhone and iPad).
· Precise Biometrics delivered Tactivo readers to a value of SEK 1.1 million to a South American insurance company. The order consists of two delivery´s that will impact fourth quarter revenues 2014 with 0.7 million and first quarter revenues 2015 with 0.4 million.
· Precise Biometrics launched three new smart card readers, Tactivo for iPhone 6, iPad mini 3 and iPad Air 2.
MAIN EVENTS IN 2014
· Precise BioMatch Mobile was integrated in the world´s first Android based smartphone with a touch fingerprint sensor.
· Precise Biometrics focused operations in order to reach profitability in 2015 through increased market presence in the business area fingerprint technology, efficient use of the company's partner network for sales of Tactivo and reduction of operating expenses.
About Precise Biometrics
Precise Biometrics is a market leading supplier of solutions for fingerprint recognition that guarantee the identity of people. With the highest level of competence in fingerprint biometrics, Precise Biometrics offers fast, precise and secure verification of a person's identity. This technology can be used for ID, company and bank cards, and for access to mobile solutions, computers and networks. Precise Biometrics delivers its solutions to companies and government agencies all over the world, and the Company's technology is licensed to almost 160 million users.
For further information go to www.precisebiometrics.com
This information was brought to you by Cision http://news.cision.com