Q1 sales boost for Precise
Net sales were SEK4.7 million, compared to last year’s figure of SEK 3.6 million. The firm made a net loss of SEK 9.8 million, compared to a loss of SEK 9.7 million for the same quarter last year.
During the quarter the company made a number of announcements: the development of Tactivo, its next generation of mobile security for smart devices; the use by Thursby Software System of smart casing to provide secure browsing on mobile devices; and a strategic partnership with US systems integrator and reseller FedSolve. It also obtained a credit facility for a total up to SEK 30 million.
The company says: “Tactivo has received extensive publicity, and a large number of government agencies, organisations and companies have shown a strong interest in it, which means that we have a large pipeline of interested customers to process now that the launch is underway. We will also continue to work actively with products in the IAM business area where we are expecting among other things additional orders from US government agencies and from Nigeria.”
Precise Biometrics says its overall objective of fulfilling Plan 2015 remains in place, whereby it will qualify for quotation on the Nasdaq OMX Mid Cap list by the end of 2015. It says: “This is an ambitious target, but fully realisable considering the major opportunities offered by our new products.”