After a very successful 2015, Fingerprints Cards (FPC) is preparing to share the wealth. The fingerprint sensor developer has announced plans to offer share buybacks or possibly dividends to shareholders as it prepares for long-term growth.
Fingerprints Cards’ management team say they expect a minimum operating margin of 35 percent between 2016 and 2018, having enjoyed an operating margin of 31 percent last year. They also expect 60 percent annual increases in like-for-like revenues for that same period.
While these may sound like great expectations, there is good reason for optimism in the wake of FPC’s tremendous 2015. The year saw a 1,142 percent increase in revenues for the company as it reaped the benefits of the mobile biometrics boom, providing fingerprint sensors to a range of smartphone OEMs.
It’s also worth noting that FPC is now investigating other areas in which its biometric technology could be applied, including the automotive sector and smart cards; and these less predictable avenues could have important impacts on FPC’s business down the line.
May 4, 2016 – by Alex Perala