“I am very pleased that my final report as CEO of Fingerprint Cards is also the company’s strongest report to date,” writes FPC’s Jörgen Lantto in his company’s newly-issued Q2 update.
The report shows strong growth, with revenues up 274 percent compared to Q2 of last year, at SEK 1,666.1 M. The company also attained an operating profit of SEK 709.7 M. Looking at the first half of the year altogether, operating profit came in at SEK 1,298.7 M, with revenues up 440 percent compared to the first half of 2015, at about SEK 3,157.3 M.
Commenting on the results, Lantto credits the strong performance largely to the smartphone integrations of FPC’s fingerprint sensors, particularly with respect to China-based brands Huawei, Oppo, Vivo, and Xiaomi—whereas Q2 of 2015 only nine smartphones integrated FPC sensors, this quarter saw a whopping 42 integrations. Lantto adds that the company’s leadership predicted FPC would increase its marketshare from 45 percent last year to somewhere between 50 and 70 percent this year, and now predicts “the the outcome will end up in the upper part of this interval.”
Also looking ahead, Lantto notes that FPC has successfully developed a fingerprint sensor model, FPC1268, that can be mounted under glass, and says the first smartphone to use it will launch in the second half of the year. Meanwhile, he said, “Efforts continue as planned to adapt our sensors for new market segments, such as smartcards, the automotive industry and the Internet of Things.” With respect to that last market, FPC expects its new FPC-BM biometric module to get some device integrations, and it plans “an initial commercial launch of smartcards during 2016.”
As for Lantto, he’ll step down in August, to be replaced by new CEO Christian Fredrikson. “I would like to take this opportunity to thank my colleagues for their fantastic achievements,” he concludes, adding that he is convinced that “FPC will remain the leading supplier of fingerprint sensors.”
(Originally posted on FindBiometrics)