FPC to Announce Q2 Results on July 21

Fingerprint Cards will issue its second quarter fiscal update on July 21st, the company has announced.

The report is eagerly anticipated. While FPC has seen a remarkable ascent over the last few years as it has become a leading supplier of fingerprint sensor technology to a booming mobile biometrics market, it hit some turbulence this year due to a supply glut among clients and increasing competitive pressures. In its Q1 update, the company’s CEO characterized the quarter as ‘weak but profitable’, and predicted that the inventory glut would normalize during the second quarter. There have since been positive signs, with FPC having made a flurry of smartphone integration announcements in recent weeks. The company has also seen some success in relatively new markets, including PC devices like Microsoft’s new biometric keyboard, and biometric smart cards.

FPC’s corporate update will be presented in English via a telephone conference and a simultaneous webcast. CEO Christian Fredrikson and CFO Hassan Tabrizi will present the report.

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July 7, 2017 – by Alex Perala