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."