• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Precise Biometrics Focuses on Future with Realigned Business Strategy

November 15, 2018

Precise Biometrics is focusing on the future with a realigned business strategy in its latest quarterly update.Precise Biometrics Focuses on Future with Realigned Business Strategy

The company has reported net sales of SEK 16.8 million in its Q3 report, a significant increase against its net sales in Q3 of 2017, which came in at a little under SEK 10.1 million. It also reported an operating loss of SEK 367,000, an improvement over the operating loss of almost SEK 6.5 million reported a year ago.

CEO Stefan K. Persson, who took the helm on August 1st, highlighted the increased sales and reduced loss in his commentary on the results. And he focused on the major structural changes that Precise Biometrics’ management has recently implemented in the company, with Precise Biometrics having announced last month that it would expand beyond the fingerprint recognition that has been is mainstay and into multimodal biometrics; and having announced about a week ago that it will close its second Swedish office in order to consolidate resources at its headquarters in Lund, while opening a new office in Shanghai to better serve the company’s large roster of clients in China and the broader APAC region.

Persson also noted the important developments in the emerging area of biometric payment cards, where Precise Biometrics is one of multiple biometrics specialists vying for a foothold in anticipation of significant returns. “The first contact-based biometric payment cards are approaching their commercial launch,” he said, adding later, “We are expecting initial smaller volumes in the field of smart cards during the second half of 2019, with higher volumes during 2020.”

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Biometric, biometric payment cards, biometrics, corporate news, fingerprint recognition, multimodal biometrics, Precise Biometrics, Q3 reports, Q3 updates, quarterly results, quarterly updates

Related News & Articles

NEXT Biometrics Hits Major Milestone: Over 5 Million Sensors Shipped

Selfies and Voice Biometrics: The State of Digital ID in Finance

Keyble Wristband Lets Users Authorize Payments Via Biometrics

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Transatlantic Digital Traveler Identity Project Gets High-Profile Tech Partner
  • Digital Identity Tech Demo Online Event
  • Mobile ID Comes to Another US Campus
  • New York DMV Developing Mobile Driver’s License
  • Mobile ID World & FindBiometrics Partner With Access Control Executive Brief – Join Us at ISC West 2023

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld