FacePhi, the leading technology company in verifying users’ digital identity, has previewed the unaudited results for the first half of 2022, the best in its history. The company traded on the stock exchange, the first months of the year Reached 7.86 million euros, an increase of 89.4% compared to 2021It even exceeds the turnover achieved throughout 2020. This increase in turnover is determined by the conclusion of new contracts and the renewal and expansion of previous ones, reflecting its huge growth potential and the company’s ambitious expansion plan.
In advance results, the company Positive EBITDA of 455,869 Eurosa growth more than 180% obtained in the first half of 2021 and a 19.4 point improvement EBITDA margin above sales. This result is determined by the significant increase in revenue and expense, which also increased by approximately 70% in the first half of 2022 due to the investment made by the listed company to promote the worldwide commercialization of its solutions.
International structural growth
In the first half of the year, the company continued to expand its international presence and strengthened its presence in Latin America with the opening in March. FacePhi LATAMThe second subsidiary of the company, which aims to serve all projects emerging in this region, which has been very important since its establishment, is in Uruguay.
In contrast, FacePhi has this year Expansion in Europe, Middle East and AfricaForming its third subsidiary in May, FacePhi EMEA, in the UK. This office will comprise profiles of projects, marketing and operations in the Anglo-Saxon region, as well as a commercial team that will work to close new business opportunities from the UK and other strategic countries in the EMEA region.
Technology company FacePhi APAC has been with these two new subsidiaries in South Korea since 2019. consolidation of a global team It enables them to continue to lead an industry in unstoppable growth and full development by focusing on sales and the internationalization of their solutions.
FacePhi launches 2022 revolutionizing your business model to make the new product even more scalable thanks to the FacePhi Identity Platform. A solution for digital authentication already implemented in many of its customers, giving them access to a new multi-biometric platform.
Thanks to this innovative product, customers can start using the technology immediately without going through the application period. Additionally, this solution allows FacePhi to accelerate the adaptability of its technology, reach market faster, and expand alliances with partners.
Empowerment in human capital
Reached FacePhi more than 200 employees distributed among its headquarters and subsidiaries. An increase in focus lead the marketing in the research and development of solutions and new technologies, with the aim of always being at the forefront of the authentication industry. Currently, the company has a high-quality, tested product, and now it’s time to have professionals who will allow them to take them to new markets and expand the presence of the technology.
Strategic expansion into new industries and markets
The company landed this term in NicaraguaAfter signing an agreement with the bank, it became the only country in Central America where it did not operate yet. BAC Credomatic. Also in Latin America, the tech company signed a deal with the retail company hit In Chile, where it entered for the first time in 2021, and in parallel The momentum among the European financial sector after agreement with so youSpanish company specializing in consumer loans and financing, especially in the automobile sector.
On the other hand, the company has formed a company. new industry, shared mobilityfrom his hand WiBLECar sharing service powered by Repsol and Kia. Also, FacePhi has taken a new step. government sector incorporating its technological solutions to authenticate patients Melilla District Hospital and Ceuta University Hospitaland in the primary level in both cities.
The company also continued its strategy of continuing to expand its portfolio. alliances with partners and became a new member Oracle Partner Networkpresents its solutions in Oracle Cloud Marketplace, where it aims to reach a large number of potential customers.
Quality guarantee
FacePhi received numerous certificatesan achievement that demonstrates the company’s commitment to the highest quality standards in the industry and confirms its product as reliable for customers and end users. Prominent among these ISO 30107-3 Level 2, He confirms the technology. Extremely resistant to impersonation or spoofing, and ISO22301He guarantees business continuity in case of a possible crisis. In contrast, he got Certification according to the National Security Plan (ENS)mandatory recognition for companies working with government agencies or their subcontractors, and pinakes certificateThis distinguishes the company as an approved technology provider compared to any national banking institution.
The company will reach a year 2022. extraordinary and historic result in its turnover and positive EBITDA, which almost tripled that achieved in the same period last year. FacePhi is on its way expansion and progress that characterizes it and makes it a international benchmark in the digital authentication industry of users.
For Javier Mira, President and CEO of FacePhi, “This year 2022 starts off in the best possible way with very positive results that are clear proof of where we are focusing our efforts as a company. We are making our business model more repeatable and scalable and building a cohesive and multidisciplinary professional team that allows us to bring our technology to more industries, regions and increase the use cases where it is used.”