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Smartphone with Precise BioMatch Mobile™ launched by leading vendor

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PRECISE BIOMETRICS AB (PUBL), CORPORATE IDENTITY NO. 556545-6596
 INTERIM REPORT FOR THE PERIOD JANUARY – SEPTEMBER 2014

  • The group’s net sales for the period was SEK 21.5 million (32.1), respectively 7.3 million (6.1) for the third quarter.

  • The group’s operating result for the period was SEK -34.9 million (-22.9), respectively SEK      -14.1 million (-10.5) for the third quarter.

  • The group’s net result for the period was SEK -34.4 million (-24.2), respectively SEK -14.0 million (-10.4) for the third quarter.

  • Earnings per share for the period were SEK -0.10 (-0.08), respectively -0.04 (0.03) for the third quarter.

  • Available cash at the end of the period amounted to SEK 68.5 million (112.1).

MAIN EVENTS IN THE THIRD QUARTER

  • Smartphone with Precise BioMatch Mobile has been launched by a leading Asian vendor

  • Precise Biometrics is focusing the operations in order to reach profitability during 2015 through increased market presence in mainly Asia, and reduction of operating expenses. Reorganizations have been made which will impact the third quarter with SEK 3.2 million in personnel costs.

  • Precise Biometrics has initiated the development of Tactivo for iPhone 6. As an effect of Apple’s latest releases of new iPhones and iPads, Precise Biometrics has revaluated the balance sheet items for the older Tactivo versions that have led to a write down that impacted the result by SEK 3.3 million during the quarter.

  • Bo-Göran Jaxelius assumed the position as CFO in September.

Point of contact
Håkan Persson, CEO, Precise Biometrics AB
Tel. 46 46 31 11 05 or 46 734 35 11 05 
E-mail hakan.persson@precisebiometrics.com 

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

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Precise Biometrics Precise Biometrics interim report Precise Biometrics Q3 report 2014

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