Fingerprint Cards has launched its outcomes for the primary quarter of 2021. The corporate reported revenues of SEK 354.7 million for the quarter, which is up from SEK 310 million for the comparable period in 2020. These positive aspects are the results of a 32 % enhance in year-over-year gross sales.
FPC’s working actions translated to SEK 36.3 million in money circulation, which is a substantial enchancment over the unfavorable SEK 37.8 in money circulation the corporate reported within the comparable quarter of final 12 months. The corporate has money holdings of SEK 292 million as of March 31, and purchased again roughly SEK 85 million value of its personal shares within the quarter.
Highlights for the quarter embrace the business debut of the RedmiBook Pro 15 from Xiaomi, which is the primary gadget to characteristic FPC’s new fingerprint solution for PCs. Xiaomi was additionally the primary firm to launch a tool with the new FPC1542, the newest model of FPC’s side-mounted fingerprint sensor. The FPC1542 is the primary with a curved form, and appeared in Xiaomi’s Redmi K40 series of smartphones.
In different information, FPC’s latest T-Shape fingerprint sensor achieved compliance with Mastercard’s Reference Specifications, which can make it simpler for producers to deploy the answer within the subsequent technology of biometric fee playing cards. The certification was achieved with assist from Fime, and covers FPC’s matching software program along with the sensor itself.
Lastly, FPC moved ahead with plans for a trio of new facilities in Europe and Asia. The corporate has opened a regional workplace in Shanghai that can concentrate on its cell enterprise line, and one other in Zug, Switzerland, that can think about funds and entry management. The final of the three shall be a gross sales and distribution middle situated in Singapore.
FPC is anticipating continued success within the second quarter, forecasting revenues between SEK 330 million and SEK 370 million. The corporate mentioned its first quarter outcomes throughout a cellphone convention and webcast on April 21.
April 21, 2021 – by Eric Weiss