Swedish biometrics firm Fingerprint Cards has reported a 93% rise in revenues year on year in its interim report for the third quarter.Revenues totalled SEK 1,862.3 m (US$206m) in the period, according to the firm's interim report.Meanwhile, Operating profit rose to SEK 766.8 M (346.2) and the operating margin to 41 percent (36).For the first nine months of the year, revenues have totaled SEK 5,019.6 M (1,549.0), up 224 percent compared with the year-earlier period.In a statement, the CEO, Christian Fredrikson, said: “The operating margin for the quarter was 41 percent and the high gross margin of 49 percent is evidence of our leadership in a market where the competition is gradually increasing. I am particularly gratified to note that the 121-percent rise in operating profit exceeded the increase in revenues. Cash flow amounted to SEK 134.5 M and was adversely impacted by increasing working capital and a large tax payment.”
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