Fingerprint Cards (FPC) is set to announce its 2016 revenue guidance on December 9th. It will do so via a press release at 1:00 pm CET, the company says.
The company is going to face high expectations, given the year it has had. Having posted a Q1 loss of SEK 19 million, FPC shot into profit in Q2, with a revenue increase of 218 percent bringing it to a net profit of SEK 65 million. And in Q3, the company raked in SEK 964 million in revenues to reach a net operating profit of SEK 302.2 million.
Much of that success was on the back of a huge boom in smartphone OEMs’ interest in biometric technology. Thanks in large part to the pioneering efforts of Apple’s Touch ID system, fingerprint sensors are now more or less standard features on high-end mobile devices, and are quickly moving down the price spectrum as well. FPC has managed to establish itself as a leading supplier of sensor hardware to such OEMs. Credit is also due to FPC’s software partner, Precise Biometrics, whose algorithms have helped to establish the credibility of FPC sensors.
Further growth is expected in the smartphone biometrics market, and while FPC’s remarkable rate of revenue growth isn’t sustainable over the long-term, it’s fair to expect some strong results for 2016.
(Originally posted on Mobile ID World)