Precise Biometrics Launches Next Generation of Mobile Security - Year-end report 2011

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596
Year-end report for the period January – December 2011

· The group’s net sales for the financial year was SEK 21.6 million (44.9) and for the fourth quarter SEK 4.8 million (6.3).

· The group’s result for the year was SEK-33.2 million (-14.6) and for the fourth quarter SEK -9.2 million (-4.4)

· Earning per share for the year amounted to SEK -0.20 (-0.11) and for the fourth quarter SEK -0.05 (-0.03).

· Available cash at the end of the financial year was SEK 28.9 million (24.5).

Important events during the year

· Precise Biometrics was top ranked in the MINEX II test, the most important US government test for standardized Match-on-Card. This has further strengthened Precise Biometrics position on the important US federal government market.

· Precise Match-on-Card™ was selected for Nigerian National ID Card. The card will function both as national ID and as a bank card. In expected value, this national ID...

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