Precise Biometrics increases profits

Precise Biometrics, which supplies the technology for finger recognition, reports a profit after tax of 17.8 million for the third quarter of 2016. Earnings per share amounted to SEK 0:05 (0:01).
A deferred tax asset resulted in a positive effect of 13.2 million in net income for the third quarter.
Net sales amounted to 25.5 million kronor (18.3). In the second quarter, sales at 21.9 million.
Operating income before depreciation, ebitda, was 6.7 million kronor (5.4) for the period.
The gross margin was 77 percent, up from 71 percent.
“The write-down of inventories with 1.8 mn, and write-down of capitalized development costs with 0.5 mn has had a negative impact on gross margin for the third quarter increased by 9.0%-points”, the company said.