Fingerprint Cards has formally announced that it will issue its results for the first quarter of 2020 on May 4th. The interim report will be published at 07:00 CET that morning, with a telephone and webcast presentation to follow two hours later.
In announcing the plans, Fingerprint Cards did not offer any details on what kind of information participants can expect. But the company had previously indicated that it would be pushing the report’s publication ahead of schedule – the update was originally slated to come out on May 14th – due to the impetus to address the impact of the Covid-19 pandemic. “The company has done its utmost to speed up reporting routines this quarter in order to meet the market’s need for up-to-date information in light of the exceptional state of the world economy,” an earlier statement asserted.
It isn’t yet clear how exactly the pandemic has affected FPC, but given that the company is a prominent supplier of fingerprint sensors to Asia-based smartphone makers, it’s a fair bet that supply chain disruption in those relationships will have already had an impact. Precise Biometrics, a fingerprint algorithm supplier with an extensive history of collaboration with Fingerprint Cards, recently indicated that its leadership expect the Covid-19 pandemic “to have an impact on order input during the first half” of 2020.
In any case, Fingerprint Cards will have at least some good news to highlight in its Q1 report, including an important biometric payment card certification achieved in January, and a sensor integration into a biometric padlock.
The company’s teleconference on May 4th will be helmed by CEO Christian Fredrikson and CFO Per Sundqvist, and participants accessing the event through the webcast will be able to ask questions.
April 27, 2020 – by Alex Perala