Identix Reports Fiscal Third Quarter, Nine Months Results; Revenue Up 14% and 19%, Respectively, Over Year-Earlier Periods

Apr 25, 2001, 01:00 ET from Identix Incorporated

    LOS GATOS, Calif., April 25 /PRNewswire/ -- Identix Incorporated
 (Amex:   IDX), the worldwide leader in providing biometric authentication,
 security, and identification solutions, today reported that revenue for its
 fiscal third quarter and nine months ended March 31, 2001, increased
 14 percent and 19 percent, respectively, when compared to the prior year's
 similar periods.  For the 2001 fiscal third quarter, revenue increased to
 $20.0 million, versus revenue of $17.6 million in the fiscal 2000 third
 quarter.  The net loss for the third quarter was $5.8 million, or $0.17 loss
 per share, before write-downs and expected non-cash charges related to option
 expenses.  During the quarter, the Company took charges and write-downs
 totaling $2.6 million, or $0.08 per share, which included an expected non-cash
 charge of $0.3 million related to stock option expenses, a write-down of
 $1.4 million for inventory and accounts receivable and a write-off of
 $0.9 million for certain intangible assets from the Company's ANADAC
 subsidiary.  This compares to a net loss of $3.9 million, or $0.12 loss per
 share, in the year-earlier period.  For the first nine months, revenue
 increased 19 percent to $62.6 million, with a net loss of $13.8 million, or
 $0.41 loss per share, before expected non-cash charges of $2.1 million related
 to preferred stock, warrant and stock option expenses and the two write-downs
 described above of $2.3 million.  This compares to revenue of $52.6 million,
 with a net loss of $10.3 million, or $0.33 loss per share, in the year-earlier
 period.
     During the fiscal 2001 third quarter, Identix had solid revenue growth
 over the year-earlier period and announced more deployments of its biometric
 security solutions to secure IT networks than in any previous quarter in the
 Company's history.  The Company also demonstrated the success of its strategy
 of working with its developed channel partners to interact directly with
 potential end users by showing significant growth in the number of companies
 currently implementing its biometric security solutions in test programs.
     Identix also took significant steps during the quarter to add to its
 senior management team.  At the beginning of April, Erik Prusch joined the
 Company as CFO and Valerie Lyons joined as Executive Vice President Worldwide
 Sales.  As announced in November 2000, Identix Chairman & CEO Robert McCashin
 positioned President and COO James Scullion to architect and implement Identix
 strategy and manage and drive the operations in each one of Identix's
 divisions.  Identix will look to both Prusch and Lyons to complement the
 strong management team already in place to grow every phase of the Company's
 business and to expand Identix's strategies and technology offerings in new
 and existing markets.
     Several important milestones were achieved during the third quarter
 including:
 
     -- Identix announced the first large enterprise deployment of its
        biometric security solutions, including a 4,000-seat sever license, to
        secure the network of a UK-based production facility for a leading
        global supplier of networking solutions and services;
     -- VeriSign, in conjunction with becoming an itrust(TM) partner, made an
        investment of $2 million in Identix;
     -- Toshiba began shipping its Toshiba PC Card Fingerprint Reader, which
        employs the Identix DFR(TM)-300 optical fingerprint reader, to secure
        Toshiba laptop computers;
     -- Mexico's Jalisco State Department of Security, the Brazilian High Court
        of Justice, and the Portuguese Ministry of Defense all selected
        Identix's biometric security solutions to secure their IT networks;
     -- Identix became the first IT Security company to have its biometrics
        hardware and software products qualified and certified by Microsoft for
        Windows 2000;
     -- Identix and EDS demonstrated for members of Congress a new digital,
        secure voting solution utilizing itrust(TM) technology that enables
        U.S. military personnel overseas to vote online;
     -- The Identix TouchPrint(TM) 2000 Live Scan System received Appendix F
        Certification, the FBI's highest level of Image Quality Specification
        for submittal to the national IAFIS infrastructure;
     -- ANADAC secured an additional $10.9 million in contracts from the
        US Navy to be executed over a period of five years.
 
     McCashin commented, "It is important to highlight the accomplishment our
 team achieved in this quarter, especially our year-over-year revenue growth.
 This is especially true in light of the economic uncertainty that has
 prevailed over the last few quarters during which many companies have been
 struggling to maintain flat revenue from the prior year or are experiencing
 negative revenue growth.  The Company's 20 years of experience in growing
 lines of business from infancy to multiple tens-of-millions of dollars in
 annual revenue, sets Identix apart more than ever from our competitors.
 Additionally, our ability to provide a complete end-to-end biometric security
 solution has helped Identix establish its position as the industry leader in
 the biometrics marketplace."
     Fiscal 2001 third quarter Security revenue was $2.3 million, a sequential
 increase of nine percent, when compared to Security revenue of $2.1 million in
 the fiscal 2001 second quarter.  Security revenue was down when compared to
 Security revenue of $2.8 million in the third quarter of the last fiscal year.
 Imaging revenue was $5.6 million in its fiscal 2001 third quarter, up
 17 percent from Imaging revenues of $4.8 million in the year-earlier period.
 The fiscal third quarter is historically the Company's slowest for sales of
 Imaging products due to the fact that funding for governmental and law
 enforcement programs is limited since there are no governmental fiscal year-
 ends in March.  Government Services also saw a strong increase in revenue,
 with fiscal 2001 third quarter revenue increasing 21 percent to $12.1 million,
 over year-earlier revenues of $10.0 million.
     For the fiscal 2001 third quarter, the Company took a charge of
 $0.5 million related to specific account receivables, and a write-down of
 $0.9 million for inventory and demonstration equipment related primarily to
 the introduction of the TouchPrint 2000 and the end-of-life of the TouchPrint
 600 and related products.  The Company also wrote-off $0.9 million for certain
 ANADAC intangible assets related to products the Company no longer plans to
 market due to ANADAC's shifting focus to drive Identix's core products and
 services into the government sector.
     McCashin concluded, "Identix has an established reputation as a Company
 that can take an emerging business and solidly grow it -- both in terms of
 market share and leading-edge technology -- into a strong leadership position
 within an industry.  We proved this with our Imaging division and we believe
 we can build on this success to become the preferred provider of end-to-end
 security solutions, both for IT networks and for secure e- and m-commerce
 transaction management service offerings through itrust(TM)."
     The Company's balance sheet continues to be strong.  As of March 31, 2001,
 the balance sheet reflected a current ratio of 2.4:1, working capital of
 $26.5 million, including cash and restricted cash of $12.0 million, no
 long-term debt and shareholders' equity of $54.5 million.
 
     About Identix
     Identix Incorporated, www.Identix.com, is a leader in designing,
 developing, manufacturing and marketing products for the capture and/or
 comparison of fingerprints for security, anti-fraud, law enforcement, physical
 access and other applications.  Identix designs and develops proprietary,
 cost-effective, security products and solutions for personal identification
 and verification.  Through its itrust(TM) division, Identix will offer an
 array of Internet and wireless Web secure transaction processing services, and
 provide a wide range of applications to markets that include corporate
 enterprise security, Intranet, extranet, and Internet, wireless Web access and
 security, E-commerce, government and law enforcement agencies.  Identix's
 partners include Motorola, Compaq, Toshiba, VeriSign, Key Tronic, SCM Micro,
 Cherry and Unisys.
 
     The statements in this release that relate to future plans, events or
 performance are forward-looking statements that reflect the Company's current
 expectations, assumptions and estimates of future performance and economic
 conditions.  Such statements are made in reliance on the safe harbor
 provisions of the Securities Act of 1933 and the Securities Exchange Act of
 1934.  The Company cautions investors that any forward looking statements
 involve risks and uncertainties that may cause actual results to differ
 materially from those expressed or implied in such forward looking statements.
 Such risks and uncertainties include, without limitation, risks and
 uncertainties associated with: development of the marketplace for biometrics
 solutions; demand for the Company's products and services; the ability of the
 Company's alliances to succeed and in particular, the ability of the Company
 to complete product development, successfully manufacture its products in
 volume and broadly disseminate the Company's products; increasing levels of
 competition in the space for wired and wireless web security services; the
 perceived need for secure communications and commerce in such markets; and
 other risks as identified in the Company's SEC filings.  The Company disclaims
 any intention or obligation to publicly update these forward-looking
 statements to reflect events or circumstances that occur after the date hereof
 or to reflect the occurrence of unanticipated events.
 
 
                              IDENTIX INCORPORATED
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (UNAUDITED)
 
                            Three Months Ended          Nine Months Ended
                                March 31,                   March 31,
                           2001         2000          2001           2000
 
     Revenues:
      Product revenues  $7,874,000   $7,569,000   $25,489,000    $22,066,000
      Service revenues  12,111,000   10,011,000    37,089,000     30,507,000
        Total revenues  19,985,000   17,580,000    62,578,000     52,573,000
 
     Costs and expenses:
      Costs of product
       revenues          5,437,000    4,655,000    15,733,000     13,281,000
      Costs of service
       revenues         10,344,000    8,983,000    32,076,000     26,717,000
      Research,
       development &
       engineering       2,909,000    2,230,000     7,296,000      6,194,000
      Marketing and
       selling           4,270,000    2,537,000    11,639,000      7,689,000
      General and
       administrative    4,709,000    2,280,000    10,626,000      6,729,000
      Amortization of
       acquired
       intangible assets   832,000      825,000     2,497,000      2,573,000
        Total costs
         and expenses   28,501,000   21,510,000    79,867,000     63,183,000
 
     Loss from
      operations        (8,516,000)  (3,930,000)  (17,289,000)   (10,610,000)
 
     Interest and
      other income
      (expense), net       315,000       88,000     1,158,000        460,000
     Interest expense      (21,000)     (31,000)      (85,000)      (108,000)
     Loss before taxes  (8,222,000)  (3,873,000)  (16,216,000)   (10,258,000)
     Provision for
      income taxes         (27,000)          --       (83,000)            --
 
     Loss before
      equity interest
      in joint venture  (8,249,000)  (3,873,000)  (16,299,000)   (10,258,000)
     Equity interest
      in joint venture      51,000      (36,000)      186,000        (91,000)
      Net loss before
       preferred stock,
       warrant and
       option
       expenses        $(8,198,000) $(3,909,000) $(16,113,000)  $(10,349,000)
      Net loss per
       share before
       preferred stock,
       warrant and
       option expenses      $(0.24)      $(0.12)        $(0.48)        $(0.33)
 
      Preferred stock,
       warrant and
       option expenses    (282,000)    (212,000)   (2,135,000)      (301,000)
 
     Net loss          $(8,480,000) $(4,121,000) $(18,248,000)  $(10,650,000)
 
      Basic and
       diluted net
       loss per share       $(0.25)      $(0.13)       $(0.54)        $(0.34)
 
 
      Weighted average
       common shares
       used in basic
       and diluted net
       loss per share
       computation      33,954,000   31,398,000    33,530,000     30,977,000
 
 
                              IDENTIX INCORPORATED
                          CONSOLIDATED BALANCE SHEETS
                                  (UNAUDITED)
 
                                                    March 31,       June 30,
                                                      2001            2000
 
                                     ASSETS
     Current assets:
      Cash and cash equivalents                    $9,848,000    $15,620,000
      Restricted cash                               2,159,000             --
      Accounts receivable, net                     25,556,000     28,352,000
      Inventories                                   4,670,000      5,180,000
      Prepaid expenses and other assets             2,931,000      1,188,000
       Total current assets                        45,164,000     50,340,000
     Property and equipment, net                    3,445,000      2,632,000
     Intangibles and other assets                  28,353,000     30,546,000
        Total assets                              $76,962,000    $83,518,000
 
 
                   LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED
                           STOCK AND SHAREHOLDERS' EQUITY
 
     Current liabilities:
      Notes payable                                       $--       $430,000
      Accounts payable                             10,986,000      8,570,000
      Accrued compensation                          2,472,000      2,894,000
      Other accrued liabilities                     1,857,000      1,700,000
      Deferred revenue                              3,346,000      2,561,000
       Total current liabilities                   18,661,000     16,155,000
      Other liabilities                                56,000         90,000
       Total liabilities                           18,717,000     16,245,000
 
     Redeemable convertible preferred stock         3,702,000             --
 
     Shareholders' equity:
      Common stock                                    341,000        330,000
      Additional paid-in capital                  128,869,000    123,365,000
      Accumulated deficit                         (74,486,000)   (56,241,000)
      Accumulated other comprehensive loss           (181,000)      (181,000)
       Total shareholders' equity                  54,543,000     67,273,000
        Total liabilities, redeemable
         convertible preferred stock
         and shareholders' equity                 $76,962,000    $83,518,000
 
     For further information, please contact Damon Wright, Director of Investor
 Relations of Identix Incorporated, 408-335-1400, dwright@identix.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X11367293
 
 

SOURCE Identix Incorporated
    LOS GATOS, Calif., April 25 /PRNewswire/ -- Identix Incorporated
 (Amex:   IDX), the worldwide leader in providing biometric authentication,
 security, and identification solutions, today reported that revenue for its
 fiscal third quarter and nine months ended March 31, 2001, increased
 14 percent and 19 percent, respectively, when compared to the prior year's
 similar periods.  For the 2001 fiscal third quarter, revenue increased to
 $20.0 million, versus revenue of $17.6 million in the fiscal 2000 third
 quarter.  The net loss for the third quarter was $5.8 million, or $0.17 loss
 per share, before write-downs and expected non-cash charges related to option
 expenses.  During the quarter, the Company took charges and write-downs
 totaling $2.6 million, or $0.08 per share, which included an expected non-cash
 charge of $0.3 million related to stock option expenses, a write-down of
 $1.4 million for inventory and accounts receivable and a write-off of
 $0.9 million for certain intangible assets from the Company's ANADAC
 subsidiary.  This compares to a net loss of $3.9 million, or $0.12 loss per
 share, in the year-earlier period.  For the first nine months, revenue
 increased 19 percent to $62.6 million, with a net loss of $13.8 million, or
 $0.41 loss per share, before expected non-cash charges of $2.1 million related
 to preferred stock, warrant and stock option expenses and the two write-downs
 described above of $2.3 million.  This compares to revenue of $52.6 million,
 with a net loss of $10.3 million, or $0.33 loss per share, in the year-earlier
 period.
     During the fiscal 2001 third quarter, Identix had solid revenue growth
 over the year-earlier period and announced more deployments of its biometric
 security solutions to secure IT networks than in any previous quarter in the
 Company's history.  The Company also demonstrated the success of its strategy
 of working with its developed channel partners to interact directly with
 potential end users by showing significant growth in the number of companies
 currently implementing its biometric security solutions in test programs.
     Identix also took significant steps during the quarter to add to its
 senior management team.  At the beginning of April, Erik Prusch joined the
 Company as CFO and Valerie Lyons joined as Executive Vice President Worldwide
 Sales.  As announced in November 2000, Identix Chairman & CEO Robert McCashin
 positioned President and COO James Scullion to architect and implement Identix
 strategy and manage and drive the operations in each one of Identix's
 divisions.  Identix will look to both Prusch and Lyons to complement the
 strong management team already in place to grow every phase of the Company's
 business and to expand Identix's strategies and technology offerings in new
 and existing markets.
     Several important milestones were achieved during the third quarter
 including:
 
     -- Identix announced the first large enterprise deployment of its
        biometric security solutions, including a 4,000-seat sever license, to
        secure the network of a UK-based production facility for a leading
        global supplier of networking solutions and services;
     -- VeriSign, in conjunction with becoming an itrust(TM) partner, made an
        investment of $2 million in Identix;
     -- Toshiba began shipping its Toshiba PC Card Fingerprint Reader, which
        employs the Identix DFR(TM)-300 optical fingerprint reader, to secure
        Toshiba laptop computers;
     -- Mexico's Jalisco State Department of Security, the Brazilian High Court
        of Justice, and the Portuguese Ministry of Defense all selected
        Identix's biometric security solutions to secure their IT networks;
     -- Identix became the first IT Security company to have its biometrics
        hardware and software products qualified and certified by Microsoft for
        Windows 2000;
     -- Identix and EDS demonstrated for members of Congress a new digital,
        secure voting solution utilizing itrust(TM) technology that enables
        U.S. military personnel overseas to vote online;
     -- The Identix TouchPrint(TM) 2000 Live Scan System received Appendix F
        Certification, the FBI's highest level of Image Quality Specification
        for submittal to the national IAFIS infrastructure;
     -- ANADAC secured an additional $10.9 million in contracts from the
        US Navy to be executed over a period of five years.
 
     McCashin commented, "It is important to highlight the accomplishment our
 team achieved in this quarter, especially our year-over-year revenue growth.
 This is especially true in light of the economic uncertainty that has
 prevailed over the last few quarters during which many companies have been
 struggling to maintain flat revenue from the prior year or are experiencing
 negative revenue growth.  The Company's 20 years of experience in growing
 lines of business from infancy to multiple tens-of-millions of dollars in
 annual revenue, sets Identix apart more than ever from our competitors.
 Additionally, our ability to provide a complete end-to-end biometric security
 solution has helped Identix establish its position as the industry leader in
 the biometrics marketplace."
     Fiscal 2001 third quarter Security revenue was $2.3 million, a sequential
 increase of nine percent, when compared to Security revenue of $2.1 million in
 the fiscal 2001 second quarter.  Security revenue was down when compared to
 Security revenue of $2.8 million in the third quarter of the last fiscal year.
 Imaging revenue was $5.6 million in its fiscal 2001 third quarter, up
 17 percent from Imaging revenues of $4.8 million in the year-earlier period.
 The fiscal third quarter is historically the Company's slowest for sales of
 Imaging products due to the fact that funding for governmental and law
 enforcement programs is limited since there are no governmental fiscal year-
 ends in March.  Government Services also saw a strong increase in revenue,
 with fiscal 2001 third quarter revenue increasing 21 percent to $12.1 million,
 over year-earlier revenues of $10.0 million.
     For the fiscal 2001 third quarter, the Company took a charge of
 $0.5 million related to specific account receivables, and a write-down of
 $0.9 million for inventory and demonstration equipment related primarily to
 the introduction of the TouchPrint 2000 and the end-of-life of the TouchPrint
 600 and related products.  The Company also wrote-off $0.9 million for certain
 ANADAC intangible assets related to products the Company no longer plans to
 market due to ANADAC's shifting focus to drive Identix's core products and
 services into the government sector.
     McCashin concluded, "Identix has an established reputation as a Company
 that can take an emerging business and solidly grow it -- both in terms of
 market share and leading-edge technology -- into a strong leadership position
 within an industry.  We proved this with our Imaging division and we believe
 we can build on this success to become the preferred provider of end-to-end
 security solutions, both for IT networks and for secure e- and m-commerce
 transaction management service offerings through itrust(TM)."
     The Company's balance sheet continues to be strong.  As of March 31, 2001,
 the balance sheet reflected a current ratio of 2.4:1, working capital of
 $26.5 million, including cash and restricted cash of $12.0 million, no
 long-term debt and shareholders' equity of $54.5 million.
 
     About Identix
     Identix Incorporated, www.Identix.com, is a leader in designing,
 developing, manufacturing and marketing products for the capture and/or
 comparison of fingerprints for security, anti-fraud, law enforcement, physical
 access and other applications.  Identix designs and develops proprietary,
 cost-effective, security products and solutions for personal identification
 and verification.  Through its itrust(TM) division, Identix will offer an
 array of Internet and wireless Web secure transaction processing services, and
 provide a wide range of applications to markets that include corporate
 enterprise security, Intranet, extranet, and Internet, wireless Web access and
 security, E-commerce, government and law enforcement agencies.  Identix's
 partners include Motorola, Compaq, Toshiba, VeriSign, Key Tronic, SCM Micro,
 Cherry and Unisys.
 
     The statements in this release that relate to future plans, events or
 performance are forward-looking statements that reflect the Company's current
 expectations, assumptions and estimates of future performance and economic
 conditions.  Such statements are made in reliance on the safe harbor
 provisions of the Securities Act of 1933 and the Securities Exchange Act of
 1934.  The Company cautions investors that any forward looking statements
 involve risks and uncertainties that may cause actual results to differ
 materially from those expressed or implied in such forward looking statements.
 Such risks and uncertainties include, without limitation, risks and
 uncertainties associated with: development of the marketplace for biometrics
 solutions; demand for the Company's products and services; the ability of the
 Company's alliances to succeed and in particular, the ability of the Company
 to complete product development, successfully manufacture its products in
 volume and broadly disseminate the Company's products; increasing levels of
 competition in the space for wired and wireless web security services; the
 perceived need for secure communications and commerce in such markets; and
 other risks as identified in the Company's SEC filings.  The Company disclaims
 any intention or obligation to publicly update these forward-looking
 statements to reflect events or circumstances that occur after the date hereof
 or to reflect the occurrence of unanticipated events.
 
 
                              IDENTIX INCORPORATED
                     CONSOLIDATED STATEMENTS OF OPERATIONS
                                  (UNAUDITED)
 
                            Three Months Ended          Nine Months Ended
                                March 31,                   March 31,
                           2001         2000          2001           2000
 
     Revenues:
      Product revenues  $7,874,000   $7,569,000   $25,489,000    $22,066,000
      Service revenues  12,111,000   10,011,000    37,089,000     30,507,000
        Total revenues  19,985,000   17,580,000    62,578,000     52,573,000
 
     Costs and expenses:
      Costs of product
       revenues          5,437,000    4,655,000    15,733,000     13,281,000
      Costs of service
       revenues         10,344,000    8,983,000    32,076,000     26,717,000
      Research,
       development &
       engineering       2,909,000    2,230,000     7,296,000      6,194,000
      Marketing and
       selling           4,270,000    2,537,000    11,639,000      7,689,000
      General and
       administrative    4,709,000    2,280,000    10,626,000      6,729,000
      Amortization of
       acquired
       intangible assets   832,000      825,000     2,497,000      2,573,000
        Total costs
         and expenses   28,501,000   21,510,000    79,867,000     63,183,000
 
     Loss from
      operations        (8,516,000)  (3,930,000)  (17,289,000)   (10,610,000)
 
     Interest and
      other income
      (expense), net       315,000       88,000     1,158,000        460,000
     Interest expense      (21,000)     (31,000)      (85,000)      (108,000)
     Loss before taxes  (8,222,000)  (3,873,000)  (16,216,000)   (10,258,000)
     Provision for
      income taxes         (27,000)          --       (83,000)            --
 
     Loss before
      equity interest
      in joint venture  (8,249,000)  (3,873,000)  (16,299,000)   (10,258,000)
     Equity interest
      in joint venture      51,000      (36,000)      186,000        (91,000)
      Net loss before
       preferred stock,
       warrant and
       option
       expenses        $(8,198,000) $(3,909,000) $(16,113,000)  $(10,349,000)
      Net loss per
       share before
       preferred stock,
       warrant and
       option expenses      $(0.24)      $(0.12)        $(0.48)        $(0.33)
 
      Preferred stock,
       warrant and
       option expenses    (282,000)    (212,000)   (2,135,000)      (301,000)
 
     Net loss          $(8,480,000) $(4,121,000) $(18,248,000)  $(10,650,000)
 
      Basic and
       diluted net
       loss per share       $(0.25)      $(0.13)       $(0.54)        $(0.34)
 
 
      Weighted average
       common shares
       used in basic
       and diluted net
       loss per share
       computation      33,954,000   31,398,000    33,530,000     30,977,000
 
 
                              IDENTIX INCORPORATED
                          CONSOLIDATED BALANCE SHEETS
                                  (UNAUDITED)
 
                                                    March 31,       June 30,
                                                      2001            2000
 
                                     ASSETS
     Current assets:
      Cash and cash equivalents                    $9,848,000    $15,620,000
      Restricted cash                               2,159,000             --
      Accounts receivable, net                     25,556,000     28,352,000
      Inventories                                   4,670,000      5,180,000
      Prepaid expenses and other assets             2,931,000      1,188,000
       Total current assets                        45,164,000     50,340,000
     Property and equipment, net                    3,445,000      2,632,000
     Intangibles and other assets                  28,353,000     30,546,000
        Total assets                              $76,962,000    $83,518,000
 
 
                   LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED
                           STOCK AND SHAREHOLDERS' EQUITY
 
     Current liabilities:
      Notes payable                                       $--       $430,000
      Accounts payable                             10,986,000      8,570,000
      Accrued compensation                          2,472,000      2,894,000
      Other accrued liabilities                     1,857,000      1,700,000
      Deferred revenue                              3,346,000      2,561,000
       Total current liabilities                   18,661,000     16,155,000
      Other liabilities                                56,000         90,000
       Total liabilities                           18,717,000     16,245,000
 
     Redeemable convertible preferred stock         3,702,000             --
 
     Shareholders' equity:
      Common stock                                    341,000        330,000
      Additional paid-in capital                  128,869,000    123,365,000
      Accumulated deficit                         (74,486,000)   (56,241,000)
      Accumulated other comprehensive loss           (181,000)      (181,000)
       Total shareholders' equity                  54,543,000     67,273,000
        Total liabilities, redeemable
         convertible preferred stock
         and shareholders' equity                 $76,962,000    $83,518,000
 
     For further information, please contact Damon Wright, Director of Investor
 Relations of Identix Incorporated, 408-335-1400, dwright@identix.com.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X11367293
 
 SOURCE  Identix Incorporated