FPC Sets Revenue Guidance For 2017 at Capital Markets Day

Fingerprint Cards (FPC) held its Capital Markets Day event today, and revealed some encouraging predictions for 2017.

For one, its revenue guidance is set in the range of 7500 to 9500 MSEK. The prediction indicates that FPC’s expectations for 2017 are even higher than they were for this year, for which a revenue guidance of 6500 to 8500 MSEK was offered a year ago. FPC also expects an operating margin of at least 35 percent, which should further encourage the company’s backers.

In a statement announcing these predictions, FPC did not offer specifics on what business activities would fuel its growth, but a couple of recent developments may offer a clue. Fingerprint Cards launched its new all-in-one fingerprint sensor module in November with some fanfare, and also recently announced a line of sensor aimed at the increasingly heated smart card market.

Meanwhile, it’s fair to expect the mobile biometrics boom to continue, and given that FPC is now delving into under-glass sensors, the company may be able to build momentum further in this market than some other sensor makers. It all points to an exciting year to come for the company and the industry.

(Originally posted on FindBiometrics)