Swedish biometrics firm Fingerprint Cards has noted that revenues rose 129% to SEK 6,638 M ($743m) last year in its annual report.In the report, FPC also wrote that it commanded 55-60% of the market share of fingerprint sensors in smartphones – and it estimates this will grow to amount to nearly 95 percent by 2020.The firm's gross profit rose to 3,165 m SEK from 1,255.3 m SEK a year earlier.Over the year, 136 smartphone models were launched using its sensor, while 20 sensor models were used.”We continue to see healthy potential in the mobile segment, since the penetration rate for biometrics is continuing to increase,” said the CEO, Christian Fredrikson, in a statement accompanying the report.”We intend to maintain our strong position in the mobile market and simultaneously develop into a biometric company with several technology platforms for additional market areas”.FPC said its addressable smartphone market is estimated to grow, in terms of the number of devices, in pace with the increase of the penetration rate for fingerprint sensors, from slightly more than 600 million devices in 2016 to 1.5 billion devices in 2020In terms of future strategy, FPC said it aims to grow organically and through complementary acquisitions. For example, Fingerprints predicts great potential to capitalize on the company's economies of scale by selling its fingerprint sensors in other customer segments.

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