Facephi, a technology company based in Alicante that specializes in facial recognition software and other identity verification systems, released a new invoice record. The chairman, Javier Mira, reported that the company closed last year with revenue from license sales of 30.08 million euros, marking a 35% rise from the previous year.
The growth is attributed to expansion into new markets and a stronger portfolio across its current operations. In the management report submitted to BME Growth, the company’s leadership notes several key steps: a collaboration with Qasio and mBank opening gateways in the Arab Emirates, continuing success with Latin American banks, and a stronger presence in the Middle East, seen as a pivotal region for future expansion.
Alicante-based Facephi technology enables ‘face-to-face’ boarding at seven Spanish airports
Facephi confirms a robust push to broaden its global footprint in 2023, with special emphasis on Latin America and the Middle East. The company, which operates through its own subsidiaries, highlights ongoing product development to enrich its offerings with behavioral biometrics and digital identity wallets.
The organization labels the year as one of consolidation. It reports a positive gross operating profit of €3.87 million, representing 12.9% less than the previous period. The group explains that this reflects a balance between revenue growth and profitability. Net operating profit (EBIT) ended in negative territory at €1.28 million due to higher depreciation expenses.
The market reaction has been described as extraordinarily positive, driven by the rising adoption of Facephi’s technology across sectors from banking to airport security. According to industry observers, this progress reinforces Facephi’s standing as a market leader in its domain.
New organizational chart
Appointments marked a defining feature of the year. Jorge Sanz was appointed general manager, while the company also relocated its offices to the Panoramis business centre during the period.
Facephi appoints Jorge Sanz as new general manager
Earlier in the year, Facephi explored the sale of a majority stake in its shares. To facilitate that process, the company engaged the consulting firm GP Bullhound. The discussions did not culminate in an agreement.
Currently, the technology group serves more than 300 customers with solutions deployed in 25 countries. The workforce exceeds 260 employees, underscoring the company’s capacity to scale while investing in its core technologies.