Florida-based AuthenTec, Inc. (NASDAQ:AUTH) provides security and identity management solutions for different applications. November and December 2011 were pretty bad for AUTH, but the new year has been mostly positive so far.
The last two sessions AUTH has managed to close up. Yesterday it was 3.34% up after the 6.13% on Friday. The volume reached 75.5 thousand and the price at the bell for the end of the session was $3.40 per AUTH share.
AuthenTec’s fingerprint sensors have a relatively wide range of possible applications in PCs, peripherals, phones, etc. The latest available quarterly report showed some positive developments, albeit far from sensational. AUTH reported $19.3 million in revenue for the quarter ended September 30, 2011. This was almost double the revenue for the same period of 2010.
This amount of revenue was enough to affect the bottom line. AUTH recorded $201 thousand net income for the quarter, as opposed to a $11.5 million net loss for the same quarter of last year.
This is by no means something unheard of. There is a long way ahead for AUTH before it becomes a stable profitable company, and there is no certainty it will ever get there. Still AUTH has shown it has some potential for growth, and it could an interesting company for some.