OverviewSuggest Edit

Zwipe is a biometric tech company that is engaged in developing and commercializing biometric authentication solutions in three areas: payments, access control and ID. The Company focuses on payment cards, access control cards and identification credentials or badges.

TypePublic
Founded2009
Websitezwipe.com

Latest Updates

Employees (est.) (Oct 2019)37(-5%)
Revenue (FY, 2018)KR2.3 M(+86%)

Key People/Management at Zwipe

Andre Løvestam

Andre Løvestam

CEO
Eric Mercer

Eric Mercer

CEO Zwipe America, Inc.
Lars Kristian Solheim

Lars Kristian Solheim

Commencing CFO
Jörgen Lantto

Jörgen Lantto

Chairman of the Board
Lars Myren

Lars Myren

Interim CFO
Robert Mueller

Robert Mueller

CTO
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Zwipe Office Locations

Zwipe has an office in Colorado Springs
Colorado Springs, US
13511 Northgate Estates Dr #100
Show all (1)

Zwipe Financials and Metrics

Zwipe Revenue

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Zwipe's revenue was reported to be kr2.28 m in FY, 2018 which is a 85.9% increase from the previous period.
NOK

Revenue (H1, 2019)

348.0k

Gross profit (H1, 2019)

(642.0k)

Gross profit margin (H1, 2019), %

(184.5%)

Net income (H1, 2019)

(36.3m)

EBIT (H1, 2019)

(36.2m)

Cash (30-Jun-2019)

73.7m
Annual
NOKFY, 2016FY, 2017FY, 2018

Revenue

597.4k1.2m2.3m

Revenue growth, %

105%86%

Cost of goods sold

401.5k2.5m5.1m

Gross profit

195.9k(1.2m)(2.8m)
Half Year
NOKH1, 2017H1, 2018H1, 2019

Revenue

511.0k677.0k348.0k

Cost of goods sold

928.0k743.0k990.0k

Gross profit

(417.0k)(66.0k)(642.0k)

Gross profit Margin, %

(82%)(10%)(184%)
Annual
NOKFY, 2016FY, 2017FY, 2018

Cash

19.3m47.6m10.8m

Accounts Receivable

109.1k107.0k639.0k

Inventories

4.1m5.1m2.3m

Current Assets

28.0m58.4m20.0m
Half Year
NOKH1, 2017H1, 2018H1, 2019

Cash

28.1m37.9m73.7m

Accounts Receivable

245.0k938.0k257.0k

Inventories

3.9m5.4m2.8m

Current Assets

37.0m50.3m83.0m
Annual
NOKFY, 2018

Net Income

(72.0m)

Depreciation and Amortization

8.0m

Inventories

2.8m

Accounts Payable

4.3m
Half Year
NOKH1, 2017H1, 2018H1, 2019

Net Income

(24.8m)(30.7m)(36.3m)

Depreciation and Amortization

1.4m7.0m879.0k

Inventories

258.0k(305.0k)(459.0k)

Accounts Payable

897.0k(2.0m)(3.8m)
NOKY, 2019

Revenue/Employee

10.3k

Financial Leverage

1.2 x
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Zwipe Operating Metrics

FY, 2017FY, 2018

Patent Applications

52 31

Patent Portfolios

32

Patents Issued

5 8
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Zwipe Acquisitions / Subsidiaries

Company NameDateDeal Size
Zwipe America Inc.

Zwipe Revenue Breakdown

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Zwipe revenue breakdown by business segment: 100.0% from Revenue from Sale of Goods

Zwipe Online and Social Media Presence

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Zwipe News and Updates

IDEMIA and Zwipe Partner to Offer a Disruptive Biometric Payments Card Platform

COURBEVOIE, France and OSLO, Norway, Sept. 19, 2019 /PRNewswire/ -- IDEMIA, the global leader in Augmented Identity and one of the world's largest biometric payment card manufacturers, and Zwipe, a leading biometric technology company, have signed an exclusive partnership and distribution...

Zwipe is Selected by G+D Mobile Security to Develop Biometric Wearable

OSLO, NORWAY, Sept. 17, 2019 /PRNewswire/ -- Biometric technology company Zwipe has been selected by Giesecke + Devrient (G+D) Mobile Security, one of the world's largest mobile and digital security providers to develop a biometric payment device with a view to pilot this technology with...

Zwipe Blogs

Presentation from Den store selskapskvelden – SMB 2019

OSLO, NORWAY – 05 JUNE 2019 – Zwipe’s CEO André Løvestam presented Zwipe at Den store selskapskvelden – SMB 2019. To […]

CFO Change

OSLO, NORWAY – 3 JUNE 2019 – Biometric technology company Zwipe today announced that Lisbeth Breum has notified the company that she […]

Zwipe enters milestone partnership to launch biometric payment cards with Goldpac

OSLO, NORWAY– 3 JUNE 2019 – Biometric technology company Zwipe and Goldpac, China’s largest secure payment solution provider are partnering to […]
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Zwipe Frequently Asked Questions

  • When was Zwipe founded?

    Zwipe was founded in 2009.

  • Who are Zwipe key executives?

    Zwipe's key executives are Andre Løvestam, Eric Mercer and Lars Kristian Solheim.

  • How many employees does Zwipe have?

    Zwipe has 37 employees.

  • What is Zwipe revenue?

    Latest Zwipe annual revenue is kr2.3 m.

  • What is Zwipe revenue per employee?

    Latest Zwipe revenue per employee is kr61.5 k.

  • Who are Zwipe competitors?

    Competitors of Zwipe include Keyless, IN Groupe and Human Recognition Systems.

  • Where are Zwipe offices?

    Zwipe has an office in Colorado Springs.

  • How many offices does Zwipe have?

    Zwipe has 1 office.