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Precise Biometrics annual report for 2016 shows 73% increase in sales

  • Author:zz
  • Source:zz
  • Release on:2017-04-14
Precise Biometrics has issued its annual report for 2016, outlining a positive vision of the company’s future with a 73 percent sales growth compared to 2015.
The annual report for 2016 comes a couple month after Precise Biometrics issued its Q4 and year-end report for 2016, where CEO Håkan Persson said that “2016 was the company’s best year so far”.
Precise had a net sales of SEK 97.2 million (US$10.7 million) and reported its first annual profit of SEK 17.9 million (US$2 million) in 2016.
Throughout the year, the company signed 14 licencing agreements, acquired NexID, and saw the integration of its mobile fingerprint software, Biomatch Mobile, into 110 devices as well as a smart card.