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BRIEF-Precise Biometrics swings to operating loss in Q1
May 16, 2017 / 6:06 AM / 7 months ago

BRIEF-Precise Biometrics swings to operating loss in Q1

May 16 (Reuters) - Precise Biometrics

* Q1 net sales for period totaled SEK 19.2 (24.2) million

* Q1 operating profit/loss for period totaled SEK -2.7 (6.3) million

* CEO: ”I am not satisfied with the company’s negative operating result. It is a consequence of the ongoing revenue transition that we are carrying out at the same time as we are investing in our business for growth and a future positive revenue development

* Says view of revenue development during year remains unchanged

* Sees net sales for the full year on par with net sales in 2016 Source text for Eikon: Further company coverage: (Stockholm Newsroom)

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