Precise Biometrics AB (publ) (STO:PREC), Corporate Identity No. 556545-6596 Year-end report for the period January - December 2010
· The group's net sales for the financial year was SEK 44.9 million (68.7) and for the fourth quarter SEK 6.3 million (32.1).
· The groups income for the year was SEK-14.6 million (-21.8) and for the fourth quarter SEK -4.4 million (2.8)
· Earning per share for the year amounted to SEK -0.11 (-0.19) and for the fourth quarter SEK -0.03 (0.02).
· Liquid assets at the end of the financial year was SEK 24.5 million (40.9).
Important events during the year
· 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, as the state ID card also includes e-payment
· Precise Biometric received 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.
· Precise Biometrics launched several products during the year. Among them a tool for integration of standardized Match-on-Card - Precise BioMatch™ ISO Match-on-Card; an integration tool for standardized fingerprint recognition for both PC and Mac: Precise BioMatch™ ANSI 378 and a biometric logon solution for Microsoft's new operating system Windows 7, Precise BioMatch™ Logon for Windows 7
· Precise Biometrics has during 2010 reorganized its sales organization due to increase of new business opportunities in combination with developing a more customer oriented organization. The new organization came into full effect January 1, 2011 - and consists of three business units IAM, Access Solutions and Mobile. Mobile is a brand new and strategically important business unit, from which Precise Biometrics will provide solutions for the SmartPhone and TabletPC markets.
Important events after the end of the year
· Precise Biometrics releases 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.