IDENTIX REPORTS 22% RISE IN REVENUE, NET LOSS OF $3.5M
Identix Inc., a worldwide provider of biometric authentication, security and identification solutions, reports that fiscal 2001 first-quarter revenue rose 22 percent to $21.4 million, compared to revenue of $17.5 million in the year-earlier period. The net loss for the quarter was $3.5 million, 10 cents per share, before an expected one-time charge of $1.3 million related to the investment in Identix by Motorola Inc. in July. This compares to a loss of $3.5 million, or 11 cents per share, in the first quarter of the previous fiscal year.
Newly appointed CEO Robert McCashin comments, “I joined Identix because of the bright future I believe lies ahead for our industry-leading biometric security solutions. The company continues to move forward with new alliances, and the balance of fiscal 2001 should be very exciting for Identix.” The company designs, develops, manufactures and markets products for the capture and/or comparison of fingerprints for security, antifraud, law enforcement, physical access and other applications.
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