Fingerprint Sensor Market Boom Lifts Precise Biometrics’ Q3 Numbers

“Sales were driven largely by the company’s fingerprint technology, and were up by 82 percent against the previous quarter, reaching 18.3 million SEK.”Fingerprint Sensor Market Boom Lifts Precise Biometrics' Q3 Numbers

Precise Biometrics has released an encouraging preliminary report on its fiscal results for the third quarter of 2015.

While the company’s executives had initially set a goal of attaining a positive result in Q4, it has already been attained in the third, thanks largely to better-than-expected sales and effective cost management. The company has attained a group net profit of 3 million SEK.

Sales were driven largely by the company’s fingerprint technology, and were up by 82 percent against the previous quarter, reaching 18.3 million SEK. That reflects a booming market, particularly with respect to smartphone integrations, and a similar surge in profits can be seen in partner sensor developer Fingerprint Cards (FPC), whose sensors rely on Precise Biometrics software.

In a statement, Precise Biometrics CEO Håkan Persson called his company “the leading supplier of fingerprint software for mobile devices,” and asserted that as such it is “experiencing a surge in demand” for its products as the fingerprint sensor market “continues to grow rapidly.”

Precise Biometrics’ full Q3 report is expected to be released November 10th.