FPC reports revenue rise in second quarter

Swedish fingerprint senor maker Fingerprint Cards has revealed that revenues amounted to SEK 1,666.1 (US$193.27 million) in the second quarter up 274% compared with the same period last year.Meanwhile, operating profit amounted to SEK 709.7 M (US$82.6 million) and the operating margin to 43%.The company has also raised the revenue guidance for 2016 to SEK 7,200-8,300 M from the previously communicated SEK 7,000-8,500 M.”Revenues in the second half of the year are expected to grow sequentially in view of the strong growth in the number of launched smartphones integrating our sensors and in particular in view of the fourth quarter's relative share of the smartphone market on an annual basis”, wrote FPC.”We are increasing our market share in line with our previous estimates. Ahead of 2016, we estimated that we would grow our share of the market for fingerprint sensors from 45% in 2015 to 50-70% in 2016. Our current estimate is that the outcome will end up in the upper part of this interval”, wrote outgoing CEO Jörgen Lantto in a statement.”Efforts continue as planned to adapt our sensors for new market segments, such as smartcards, the automotive industry and the Internet of Things. Together with our business partners and customers, we are continuing our development work with a view to an initial commercial launch of smartcards during 2016. During the quarter, we increased our investments in product development, partnerships and business development to create conditions to capture a leading position in these segments as they start to gain momentum.”This is exemplified by our launch in the second quarter of a complete biometric module, FPC-BM, which makes it possible to quickly and easily integrate a touch fingerprint sensor into various types of devices for example related to the Internet of Things.”

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