Home > News > Industry News > Biometrics stocks this week: S.....
Browse Categories
New Arrival(26)
Hot Products(12)
Reader & Modules Series(21)
Handheld Terminal Series(14)
POS Terminal(5)
Time Attendance Series(14)
Access Control Series(6)
Sales Promotion(35)
Door Lock Series(11)
Camera Series(11)
Explosion Models
Contact us
Tel:+86-23-67305242 :
Facebook:Huifan Technology
Contact Now


Biometrics stocks this week: SuperCom, Nuance, Gemalto, Synaptics, Diebold, VerifyMe, Precise

biometric industry news

Earnings season continues. This week some of the larger companies using biometric technology are in the spotlight.
One company reporting is Israeli organization, SuperCom. The company reported this week results for the fourth quarter and twelve months ended December 31, 2017. The outfit is a provider of secure digital ID products, such as the monitoring devices used to keep track of people serving home-based sentences. It’s been around since 1988, and it has just announced some solid results. This past year it delivered organic growth of 66% as well as a 200% improvement in its gross margin (a measure of how much of its revenue is being used to produce its products). In 2017 revenue increased to a record USD $33.3 million, up from just $20 million last year. According to the company growth is coming from all three business segments: e-government, IoT and, and cybersecurity. The company is also growing in all of its major geographic markets: Africa, Europe, Latin America, U.S., Israel and Asia Pacific. Another highlight on the year are positive earnings of $188,000, which is way better than a loss of $6.6 million last year. Arie Trabelsi, president and CEO, SuperCom, was happy to report the results. “2017 was a banner year for SuperCom, highlighted by a dramatic transformation in our financial performance… Thanks to the successful integration efforts of the previous year’s acquisitions, we were able to generate record annual revenue, while also optimizing our costs in certain key areas of our business leading to a greater than 400% increase in gross profit. In the fourth quarter specifically, we grew our revenue 93% over the prior year, while also significantly reducing our expenses as a percentage of total revenue across the board.” But while the full year results were solid, the fourth quarter results were a bit less impressive, and so shares in SuperCom (it’s traded on Nasdaq) actually trended down over the past week, settling at USD $1.91 this week. Shares have been trading down for several months. Nevertheless the company has been given a price target of $5.00 by brokerage HC Wainwright.