Business Continues To Boom For FPC

Fingerprint protection icons on green background.Business is booming for Fingerprint Cards. The Sweden-based fingerprint sensor maker has issued a preliminary Q3 report indicating that its earnings will be higher than expected.

That applies to the third and fourth quarters, and the total for the year. Toward the end of August, FPC had predicted revenues of about 860 MSEK for Q3; now, the company is bumping that estimate up to 960 MSEK. The fourth quarter is going to be busy too; in a press release, FPC cited “further strengthened delivery capacity and a continued growing demand for the company’s products” as factors driving up Q4 revenues. FPC is also now facing a backlog of orders for Q3 currently valued at 1700 MSEK. All that having been considered, FPC is increasing its total 2015 revenue forecast “from around 2500 MSEK to more than 2500 MSEK.”

It’s more good news for the company as it continues to reap the benefits of a booming mobile fingerprint sensor market. FPC shot into profit in Q2 of this year and its momentum has apparently kept up, with the company expanding its reach beyond the Asian OEM market that has been its mainstay, seeing recent integrations into American and European-made smartphones. These trends have also been good news for Precise Biometrics, which supplies the biometric algorithm software used in FPC sensors.

 

(Originally posted on FindBiometrics)