Fingerprint Cards has issued its annual report for 2019, opting for a digital-only publication this year.
The report reiterates some of the figures published in FPC’s Q4 update earlier this year, and offers a snapshot of general business highlights. These include the company’s confirmation of an integration of its fingerprint sensor technology into a Samsung smartphone, its first volume order for biometric payment cards developed in partnership with Gemalto, and the milestone of having supplied a billion fingerprint sensors as of last May.
The report also indicates FPC’s dramatic improvement in some key fiscal results over 2018. Whereas that year saw a net loss of SEK 630.7 million, last year brought the loss down to only SEK 13.6 million. Gross margin, meanwhile, rose from zero percent in 2018 to 23 percent last year.
“We did not achieve all of the targets we had set for 2019 but, when I look back on the past year, it is clear that we made considerable progress against our strategic priorities,” commented Fingerprint Cards CEO Christian Fredrikson in the report, adding that the overall goal for the year was “to defend and build on our strong position in the smartphone segment, while broadening our business into new areas.”
Touching briefly on the COVID-19 pandemic later, Fredrikson said, “we expect a dampening effect on the company’s operations, although we are working hard to mitigate the effects as far as possible.”
The annual report’s publication comes on the heels of FPC’s official announcement of its forthcoming Q1 report for 2020, which will be issued ahead of schedule, on May 4th.
April 29, 2020 – by Alex Perala