Precise Biometrics Shows Record Sales & Improved Margins

Precise Biometrics Shows Record Sales & Improved Margins

Precise Biometrics AB (publ), Corporate Identity No. 556545-6596
Year-end report for the period January - December 2009

•	The group's net revenue for the financial year amounted to SEK 68.7 million
(45.9) and for the fourth quarter to SEK 32.1 million (11.5).

•	Net result for the financial year amounted to SEK -21.8 million (-54.2) and
for the fourth quarter SEK 2.8 million (-35.8). 

•	Results per share for the financial year amounted to SEK -0.19 (-0.54) and for
the fourth quarter SEK 0.02 (-0.35).

•	Liquid assets at the end of the financial year amounted to SEK 40.9 million
(11.3). Cash flow for the fourth quarter was to SEK -18.4 million. Adjusted for
full repayment of the obtained credit facility and payments of costs related to
the share issue, cash flow for the fourth quarter is SEK -1.4 million. 

Important events during the year

•	Precise Biometrics was awarded an order worth approximately USD 6.0 million
from the US government within the Cyber Security framework.  Final delivery of
the order will be during the first quarter 2010.

•	Precise Biometrics joined a partnership with the Nigerian company Interswitch
aimed at developing bank application for the African market. A first project,
worth 200 000 Euros in license sales, has already been initiated and invoiced.

•	Precise Biometrics received a follow-up order of hardware and software at a
value of SEK 2.1 million from an existing government customer in the Middle East


•	Together with Gemalto, the world largest smart card provider, Precise
Biometrics introduced Gemalto .NET Bio, a computer logon solution for Windows. 

•	Precise Biometrics AB completed a rights issue with preferential rights, which
supplied the Company with SEK 50.6 million before issue costs. The rights issue
was subscribed to 178% and is implemented to finance further expansion and
increase market penetration in prioritized segments. 

•	The wholly owned subsidiary Precise Biometrics Solutions AB was restructured
due to unfulfilled expectation in the Aviation sector. As an effect Precise
Biometrics AB has, during the third quarter, written down the goodwill value of
SEK 5.0 million in the subsidiary.

Thomas Marschall, President and CEO, Precise Biometrics AB
Tel. +46 (0)46 31 11 10 or +46 (0) 734 35 11 10 
E-mail thomas.marschall@precisebiometrics.com

Patrik Norberg, CFO, Precise Biometrics AB
Tel. +46 (0)46 31 11 47 or +46 (0) 734 35 11 47 
E-mail patrik.norberg@precisebiometrics.com


Precise Biometrics is a market-leading provider of products and solutions for
fingerprint recognition. The technology proves people's identities in a fast and
secure way, while it reduces costs related to password management, identity
theft and fraud.  

Precise Biometrics serves business and government organizations throughout the
world and its technology is licensed to close to 100 million users. Precise
Biometrics is listed on NASDAQ OMX Stockholm small cap list (PREC). For more
information, please visit www.precisebiometrics.com