FPC Upgrades Revenue Projections with Latest Order

Fingerprint Cards (FPC)FPC Upgrades Revenue Projections with Latest Order has announced that it has received another major order, and has raised its revenue guidance for the year accordingly.

The latest order comes from one of the company’s module partners and encompasses all of FPC’s fingerprint sensor models – FPC1020, FPC1025, FPC1035, FPC 1145, and FPC1155. The sensors will be used in Asian-made smartphones, continuing a trend that has seen rising demand from that region for FPC’s technology. That could be partly driven by the growing prominence of mPayment systems, which generally adopt biometric security to authenticate payments.

In any case, the latest order helps to solidify a major revenue boost that the company has enjoyed for this year. It comes quickly on the heels of a massive order placed in the first half of May, which itself built on a string of orders received in the first quarter. As such, FPC has been compelled to revise its revenue guidance for 2015, bumping it up from over 1000 MSEK to over 1500 MSEK.

In a statement, FPC CEO Jörgen Lantto said the latest order “shows that the market is now really taking off, not only in China but also broader amongst Asian OEMs.” The new order will start shipping in June, continuing through Q3.