Fingerprint Cards has issued its year-end results for 2016 along with those of Q4.
For the quarter, the company saw SEK 1,618.7 million in revenues, reflecting a 20 percent increase compared to Q4 of 2015. FPC reports an operating profit of SEK 547.6 million.
Looking to the full year, the company saw an operating profit of SEK 2,613.1 million. Its revenues came in at SEK 6,638.3 million, short of the SEK 7,200-7,500 million predicted in its revised revenue guidance, but nevertheless reflecting year-on-year growth of 129 percent.
Reflecting on the year in a statement announcing the results, CEO Christian Fredrikson said the company held an estimated 55 to 60 percent marketshare in the mobile fingerprint sensor market. Fredrikson also highlighted the broadening of FPC’s product portfolio as the company has expanded into smart cards and PC solutions, and noted that 2017 has seen “an eventful start” with FPC’s acquisition of iris scanning specialist Delta ID.
“This is an exciting time for biometrics and I am highly enthusiastic ahead of 2017”, he said.
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February 2, 2017 – by Alex Perala
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