Fingerprint Cards has announced its Q1 results. The corporate update indicates continued growth in a booming mobile biometrics market.
The quarter saw revenues of about $184 million for FPC, reflecting growth of 966 percent compared to Q1 of 2015. FPC also reports an operating profit of about $72.8 million for the quarter.
In a statement announcing the results, FPC CEO Jörgen Lantto highlighted the many mobile integrations of the company’s biometric fingerprint sensors, asserting that while there were no such integrations in Q1 of 2015, Q1 of 2016 saw 26 devices incorporating FPC technology. Lantto stated, “we have continued to gain market share, which is in line with previous estimates.”
Lantto also highlighted the company’s launch of its first under-glass sensor, and the development of its own biometric algorithm technology, which has already been integrated into one smartphone slated for launch in Q2. Looking ahead, he pointed to FPC’s continuing efforts to move into smart cards and the automotive sector, and he asserted that FPC is working with its suppliers to expand its production capacity.