Brief: Precise Biometrics posts Q3 operating loss of SEK 6.5 mln

Precise Biometrics AB

14/11/2017 07:00

Nov 14 (Reuters) - Precise Biometrics Ab  PREC.ST  
    * Precise biometrics q3 net sales for remaining operation 
totaled 
sek 10.1 (23.0) million. 
    * Precise biometrics q3 operating profit/loss for remaining 
operation for quarter totaled sek -6.5 (8.6) million. 
    * Precise biometrics says sales dropped during q3 due to 
company's having won fewer customer projects because of tough 
competition in market for capacitive sensors. 
    * As previously announced, Precise Biometrics has therefore 
revised its estimate of revenues for the full year 2017, from 
the previously announced level of approximately SEK 83 million 
to an interval of SEK 60-70 million.  
    * As a consequence of this weaker sales trend, the company 
will 
report an operating loss, which differs from the earlier 
estimate that the full year 2017 would produce an operating 
profit.  
 
Source text for Eikon:  ID:nWkr2xQKgg  
Further company coverage:  PREC.ST  
 
 (Reporting By Johan Ahlander) 
 ((johan.ahlander@thomsonreuters.com;))