Fingerprint Cards Posts Record Third Quarter

FPC Q3 Results Do Not DisappointFingerprint Cards (FPC) has released its fiscal update for the third quarter of 2015, and the results live up to expectations, which had been high in the wake of the company’s Q2 earnings. In a statement, the company called it a “record quarter”.

FPC brought in revenues of SEK 964m, or about $111.61m USD – a whopping 1,358 percent increase over Q3 of 2014. That resulted in a net operating profit of SEK 302.2m (or $34.99m USD), with a considerable order backlog extending beyond Q3.

Looking at the year to date, FPC brought in SEK 1,549m ($179.34m USD), an increase of 1,105 percent compared to the first three quarters of 2014; and its net operating profit came to SEK 278m ($32.19m USD).

In a statement, FPC CEO Jörgen Lantto credited most of the growth to the smartphone fingerprint sensor market, the company’s “primary market,” and one that “is expanding rapidly.” FPC’s revenue guidance for 2015 now points to the SEK 2,750m-2,850m range (or, between $318.39m and $329.97 USD), which would correspond to growth of 1,075-1,118 percent over 2014.

In other FPC news, the company’s nomination committee has been appointed ahead of its annual general meeting, and will consist of Johan Carlström, Tommy Trollborg, and Chairman Dimitrij Titov.

 

(Originally posted on FindBiometrics)