After Corporate Restructuring, Fingerprints to Deliver Q4 Update

Fingerprint Cards has set a date for its next corporate update: the company will deliver its Q4 results and host a conference call on January 28.

It could prove to be a particularly interesting update for a couple of reasons. One is that the Q4 and full years results for fiscal 2021 will likely shed light on a year that has continued to deliver pandemic-related disruptions. Fingerprint Cards is a leading provider of fingerprint sensors for mobile devices, and the mobile sector has been an area in which supply chain issues have been challenging over the past several months.

The conference call, meanwhile, may offer some further insights into the transformative changes underway within the company. Fingerprint Cards’ board of directors announced a strategic review of the company in July of 2021. In November, the company announced the result: that FPC would essentially split into two subsidiaries. The Fingerprint Technology Company subsidiary would be based in Shanghai, and would focus on mobile biometrics; while the Fingerprint Cards Switzerland subsidiary would be headquartered in Zug, and would carry on the work of FPC’s Payments & Access business line.

Operationally, it isn’t yet clear how this structural change has impacted Fingerprint Cards, but the company’s forthcoming conference call could help to clarify the matter. Scheduled for 9:00 a.m. CET on January 28, the call will be conducted in English, and will be hosted by Fingerprint Cards CEO Christian Fredrikson together with Per Sundqvist, the company’s Chief Financial Officer.

It’s possible that the executives will also touch on a more recent development for the company – a SEK 300 million issuance of senior secured bonds. Announced in December, the issuance was aimed at securing working capital to help FPC follow through on its “ambitious growth plans,” Fredrikson explained at the time. He also noted that both of FPC’s subsidiaries were seeing increasing demand, a propitious sign going into 2022.

–

January 24, 2022 – by Alex Perala