Identix Reports $3.8 Million Loss
MINNETONKA, Minn.
Biometrics manufacturer Identix had a net loss of $3.8 million in its third quarter, up 50 percent from its net loss from its 2005 third quarter. The maker of biometric access control products says it had revenues of $20.8 million over the past three months, up slightly from the $20.3 million in revenue for the same quarter a year ago.
However, Identix says the net loss includes $1.1 million from the impending merger with fellow biometrics maker Viisage.
The merger is expected to close by the end of June, according to the two companies.
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