Suprema Reports Record Revenues and Market Capital for 2014

The financial results of Suprema for its 2014 fiscal year ended Dec 31, 2014 have just been announced. The company posted record high yearly revenue of US$65.5 million and an increase in market capital to US$357 million. The results were fueled by all-time record revenue from access control and time and attendance devices as well as a strong performance in ID solution device sales.

The revenue rose 26.2% from $49.2 million in 2013, and market capital again reported double-digit growth. The revenue growth has well exceeded Suprema's 5 year average CAGR of 17.8%. Among four different global region groups, Europe had the lion's share of revenue with 41%. Americas followed up with 21% of the total revenue. Asia/Pacific and Middle East/Africa had revenue distribution of 20% and 18% respectively.

James Lee, Suprema's CEO said, "The new products scheduled for release in 2015, along with our recently released Biostar 2, web-based open security platform, will set the foundation for our market expansion in 2015."