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Precise Biometrics Issues Fiscal 2013 Financial Report

Precise Biometrics Issues Fiscal 2013 Financial Report - top government contractors - best government contracting event

Precise BiometricsPrecise Biometrics AB has released its financial report for fiscal year 2013, the company said Friday.

Precise Biometrics generated $5.4 million in net sales and $6.7 million in income while its earnings per share and year-end available cash reached $0.20 and $15.2 million, respectively.

Precise Biometrics was selected as the fingerprint algorithm provider for a financial information services company during the first quarter of 2013 and Precise also booked orders for 5,000 Tactivo units during that quarter.

A Middle East government client ordered fingerprint readers worth $1.5 million and Precise Biometrics also agreed to license sensors vendor Fingerprint Cards to use its fingerprint algorithm Precise BioMatch Mobile.

Precise Biometrics also reached a deal to supply Tactivo units for Volkswagen“™s security infrastructure.

HÃ¥kan Persson succeeded Thomas Marschall as interim CEO of Precise Biometrics this past year.

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Written by Jay Clemens

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