Edition:
United Kingdom

Fingerprint Cards AB (FINGb.ST)

FINGb.ST on Stockholm Stock Exchange

8.16SEK
1:15pm BST
Change (% chg)

0.00kr (+0.04%)
Prev Close
8.16kr
Open
8.18kr
Day's High
8.44kr
Day's Low
8.02kr
Volume
3,077,639
Avg. Vol
6,458,751
52-wk High
23.37kr
52-wk Low
5.87kr

Latest Key Developments (Source: Significant Developments)

Fingerprint Cards Q2 operating result below expectations
Thursday, 19 Jul 2018 

July 19 (Reuters) - Fingerprint Cards AB ::SAYS SALES TREND STABILIZED SOMEWHAT, WITH SEQUENTIAL REVENUE GROWTH OF 35%.SAYS REVENUES TOTALED SEK 389.9 MLN (823.4), A 53% DECREASE COMPARED WITH Q2 OF 2017.SAYS GROSS MARGIN WAS NEGATIVE 63% (POS: 36).SAYS OPERATING RESULT WAS NEGATIVE SEK 578.2 MLN (POS: 72.0).ANALYSTS EXPECTED OPERATING RESULT OF MINUS 544 MLN SEK AND REVENUE OF 297 MLN, ACCORDING TO A REUTERS SURVEY OF THREE ANALYSTS.SAYS CASH FLOW FROM OPERATING ACTIVITIES AMOUNTED TO SEK 302.0 MLN (528.0).SAYS MARKET CONDITIONS REMAIN CHALLENGING.SAYS AROUND 80 PERCENT OF SENSORS WE DELIVER ARE LOW-COST PRODUCTS.SAYS WE EXPECT VALUE OF MARKET FOR CAPACITIVE FINGERPRINT SENSORS FOR SMARTPHONES TO CONTINUE TO DECLINE.SAYS OUR GOAL IS THAT AREAS OUTSIDE OF CAPACITIVE SENSORS FOR MOBILE PHONES ACCOUNT FOR AT LEAST 10 PERCENT OF SALES IN 2018.SAYS THE CONTINUED SHIFT DURING THE QUARTER TOWARD SMALLER AND CHEAPER FINGERPRINT SENSORS HAD A SIGNIFICANT IMPACT ON REVENUES.SAYS REVIEW OF LONG-TERM FINANCIAL OBJECTIVES: HAS CHOSEN TO DEFER DISCLOSURE UNTIL FURTHER NOTICE.  Full Article

Fingerprint Cards says Pernilla Linden will not start as CFO
Tuesday, 29 May 2018 

May 29 (Reuters) - Fingerprint Cards AB ::REG-FINGERPRINT CARDS AB (PUBL) ANNOUNCES CHANGES IN ITS EXECUTIVE MANAGEMENT.SAYS DUE TO PERSONAL REASONS, PERNILLA LINDÉN WILL NOT START AS FINGERPRINTS' CFO ON JUNE 7 AS COMMUNICATED EARLIER.SAYS A RECRUITMENT PROCESS FOR A NEW CFO HAS BEEN INITIATED..SAYS CURRENT GROUP ACCOUNTING MANAGER, YLVA BLOMÉN, WILL ASSUME ROLE AS ACTING CFO ON JUNE 7, 2018.  Full Article

Fingerprint Cards Says Nasdaq Stockholm Finds No Reason To Contest Proposed Board
Wednesday, 23 May 2018 

May 23 (Reuters) - Fingerprint Cards AB ::REG-FINGERPRINT CARDS AB (PUBL): NASDAQ STOCKHOLM FINDS NO REASON TO CONTEST THE PROPOSED BOARD OF DIRECTORS.SAYS CONSEQUENTLY, NASDAQ STOCKHOLM HAS CHOSEN TO CLOSE CASE WITHOUT FURTHER INVESTIGATION.  Full Article

Fingerprint Cards CEO sees its market in smartphones to decline in value in 2018
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Fingerprint Cards CEO Christian Fredrikson told a telephone conference::FINGERPRINT CARDS CEO SAYS NO CHANGE IN MARKET SHARE, NOT THE REASON FOR TODAY'S PROFIT WARNING.FINGERPRINT CARDS CEO SAYS SEES ITS MARKET IN SMARTPHONES TO DECLINE IN VALUE IN 2018.  Full Article

Fingerprint Cards CEO sees volume growth for fingerprint sensors market around 20 pct in 2018
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Fingerprint Cards CEO Christian Fredrikson at Technology Update::Says expects market volume growth for fingerprint sensors at about 20 percent in 2018.Repeats sees below 750 mln units in mobile in 2017.FPC expects commercial deliveries in 2018 in smartcards, larger volumes in 2019/2020 - presentation material .  Full Article

Fingerprint Cards develops in-display ultrasonic sensing technology
Wednesday, 1 Nov 2017 

STOCKHOLM, Nov 1 (Reuters) - Fingerprint Cards : :* Says has developed an ultrasonic sensing technology with the objective of enabling fingerprints to be captured anywhere on the display of a smartphone or any device.* Says expects to engage with key customers in the first half of 2018 to further develop the technology and to bring it to mass market.* "It is truly innovative and disruptive and allows fingerprint sensing to be done in new ways on many different surfaces. I can see many potential application areas, but our initial focus is of course the use in high-end smartphones," CEO Christian Fredrikson says in a statement.* Says in separate statement the firm's iris solution and touch sensor are both featured in a recently launched smartphone from a leading Japanese manufacturer. This is Fingerprints' first commercial launch with multi modalities.  Full Article

Fingerprint Cards CEO repeats sees long-term gross margin of 40-45 pct
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Fingerprint Cards Ab CEO Christian Fredrikson tells Reuters::Repeats sees long term gross margin at 40-45 percent.Says company's market share below 50 percent, has started to stabilize.  Full Article

BRIEF-Fingerprint Cards expects revenues to fall to SEK 800-840 mln in Q3
Monday, 18 Sep 2017 

Adds missing word in headline, first bullet:Revenues are expected to fall to range of SEK 800-840 million Q3, which is in line with previous quarter.Is currently experiencing a cautious market .Distributors and module houses delivering to the company's OEM-customers have therefore minimized their inventory levels.Estimates that number of shipped sensors from company during Q3 will increase with around 40 percent compared to Q2.Has previously communicated an asp-reduction exceeding 20 percent per annum, but current rate is approximately 30 percent.  Full Article

Fingerprint Cards announces new cost cuts amid weak market, price pressure

STOCKHOLM, June 4 Swedish biometrics firm Fingerprint Cards on Monday announced a new round of big cost cuts on the back of weak market conditions for capacitive sensors for smartphones and heavy price pressure.