Precise

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Important events during the year

Group’s net sales...

...for the financial year was SEK 44.9 million (68.7).

Group’s income...

...for the year was SEK-14.6 million (-21.8).

Earnings per share...

...for the year amounted to SEK -0.11 (-0.19).

Liquid assets...

...at the end of the financial year was SEK 24.5 million (40.9).

Nigerian partner...

...Interswitch is rolling out a state ID card with technology from Precise Biometrics. It’s the first project of its kind in the world. The ID card also includes e-payment.

Two follow-up orders...

...for hardware from an existing customer in the Middle East at a total value of SEK 6.7 million for a Match-on-Card project for government employees.

Several products...

...were launched during the year. Among them you find

  • Precise BioMatch™ ISO Match-on-Card - a tool for integration of standardized Match-on-Card
  • Precise BioMatch™ ANSI 378 - an integration tool for standardized fingerprint recognition for both PC and Mac
  • Precise BioMatch™ Logon for Windows 7 - and a biometric logon solution for Microsoft’s new operating system Windows 7

A new organization...

...has been developed during 2010. Precise Biometrics has reorganized its sales units due to an increase of new business opportunities in combination with developing a more customer oriented organization. The new organization came into effect January 1, 2011 – and consists of three business units: Mobile, IAM and Access Solutions.

After the end of the year...

...Precise Biometrics released a new family of fingerprint readers, Precise Sense™, targeted towards the banking and enterprise segments. The readers focus on cost-efficiency, user friendliness and a high degree of functionality options.

After the end of the year...

...the Board of Directors of Precise Biometrics has resolved, subject to approval of the AGM on April 27, to undertake an issue with preferential rights for Precise Biometrics’ shareholders that will raise a maximum of SEK 54 million before deduction of issue related costs. The rights issue is carried out to realize the Company’s business plan – Plan 2015

© Precise Biometrics 2011