Highlights of the quarter
- Money stream from working actions elevated to SEK 82.four M from SEK 59.5 M within the previous quarter
- Revenues elevated by 8% in comparison with the earlier quarter
- FPC1540, a brand new side-mounted capacitive sensor, was launched
- Fingerprints’ expertise was used on this planet’s first business launch of biometric bank cards
Fourth quarter of 2019
- Revenues amounted to SEK 381.four M (424.3)
- The gross margin was 23 % (21)
- EBITDA was SEK 13.Three M (pos:8.8)
- The working end result was unfavorable SEK 15.Three M (neg:25.5)
- Earnings per share earlier than dilution have been unfavorable SEK 0.06 (neg:0.06)
- Money stream from working actions amounted to SEK 82.four M (neg:26.1)
January – December 2019
- Revenues amounted to SEK 1,458.6 M (1,535.1).
- The gross margin was 23 % (0)
- EBITDA totaled SEK 128.7 M (neg:505.2)
- The working end result was unfavorable SEK 14.four M (neg:771.6)
- Earnings per share earlier than dilution have been unfavorable SEK 0.04 (neg:2.01)
- Money stream from working actions amounted to SEK 160.four M (274.6)
- The Board proposes to the Annual Basic Assembly that no dividend be paid for the 2019 fiscal yr
The optimistic pattern in Enterprise Line Cell continued within the fourth quarter and we elevated gross sales by Eight % in contrast with the previous quarter. In the course of the yr, we broadened our buyer base, and we additionally see that the capacitive expertise is being embraced to an growing extent in new areas of utility.
The gross margin was 23 %, which is consistent with what we delivered within the first three quarters of 2019. Nonetheless, we aren’t glad with the present margin degree and our efforts to make sure a aggressive manufacturing value proceed as robust as ever. One other key precedence on this context is broadening our enterprise, each when it comes to new merchandise and additional areas of utility. Fingerprints stays the main supplier on this planet for capacitive sensors for smartphones and we continued to strengthen our place within the fourth quarter by increasing our product portfolio. In November, we launched FPC1540, a brand new skinny sensor designed for side-mounting. This sensor capabilities extraordinarily properly in the latest smartphone fashions, e.g. in smartphones which might be borderless or foldable. Already in December, Xiaomi launched two smartphone fashions wherein FPC1540 is built-in inside the facility button on the aspect of the gadget. We additionally launched Touchless 2.Zero in the course of the quarter. By combining iris and facial recognition, this answer gives finish customers a excessive safety degree with out compromising user-friendliness. Our Touchless 2.Zero platform gives a safer and more cost effective various to superior facial recognition, not just for smartphones however for numerous functions in varied industries.
Increasing the enterprise into new areas is a vital precedence for Fingerprints. Biometrics is now genuinely on the way in which to creating its entry into one other international mass market: card funds. Fingerprints’ merchandise on this space are world-leading when it comes to safety, user-friendliness and efficiency, and it is vitally gratifying that our T-Form sensor and biometric software program platform for funds are getting used on this planet’s first business launch of biometric bank cards. This launch was carried out by Cornèrcard in Switzerland in November 2019, with our accomplice Thales because the supplier of the cardboard. Originally of 2020, Thales introduced that the corporate’s card, wherein Fingerprints’ expertise is built-in, has been licensed by Mastercard. This can be a vital step that now permits card issuers all through the world to supply their prospects biometric fee playing cards. The long-term market potential is in depth. Roughly 4 billion sensible fee playing cards are at present produced every year. This quantity may enhance to as many as six to eight billion inside a couple of years, as all playing cards in circulation are transformed to sensible playing cards. Fingerprints has a unbelievable place to begin on this market, with well-established cooperation with the main gamers all alongside the worth chain for biometric sensible playing cards: card producers and their suppliers, producers of safe components, fee methods and card issuers.
After all, we comply with the information regarding the Corona virus outbreak intently and have a excessive degree of preparedness. We count on a dampening impact on the operations of the corporate, however the extent continues to be unclear.
Christian Fredrikson, President and CEO
At this time at 09:00 CET Fingerprints’ CEO Christian Fredrikson will current the report along with CFO Per Sundqvist in a mixed webcast and phone convention. The presentation will probably be held in English.
The report will probably be accessible at fingerprints.com
The webcast and the presentation materials may be accessed by https://interact.vevent.com/rt/fingerprints/index.jsp?seid=158
For analysts and media: The phone convention dial-in is +44 (0) 2071 928000 (worldwide members) or 08-506 921 80 (Swedish members). Please state convention ID 9376366.
|For data, please contact:
Christian Fredrikson, CEO
Per Sundqvist, CFO
Stefan Pettersson, Head of Investor Relations:
That is the kind of data that Fingerprint Playing cards AB is obligated to reveal pursuant to the EU’s Market Abuse Regulation and the Swedish Monetary Devices Buying and selling Act. The knowledge was submitted for publication, by the company of the contact individual set out above, on February 13, 2020 at 07:00 a.m. CET.
Fingerprint Playing cards AB (Fingerprints) – the world’s main biometrics firm, with its roots in Sweden.
We imagine in a safe and seamless universe, the place you’re the key to every thing. Our options are present in lots of of hundreds of thousands of units and functions, and are used billions of occasions daily, offering secure and handy identification and authentication with a human contact. For extra data go to our web site, learn our weblog, and comply with us on Twitter. Fingerprints is listed on Nasdaq Stockholm (FING B).