Fingerprint Cards reports record quarter
Fingerprint Cards AB (publ), corp. reg. no.: 556154-2381
Fingerprint Cards AB (FPC) is publishing its interim report earlier than previously announced as a result of the report being finalized ahead of schedule.
Interim report for the period January – September 2010
Notable events during the reporting period:
• Net sales rose 72% to SEK 42.7 M (24.9) for the interim-report period, compared with the year-earlier period, and by 78% to SEK 17.6 M (9.9) for the third quarter.
• Gross profit for the interim-report period advanced to SEK 21.7 M (7.4) and to SEK 8.9 M (3.8) for the third quarter.
• Profit before tax increased to SEK 1.0 M (loss: 12.9) for the interim-report period and to SEK 3.7 M (loss: 4.1) for the third quarter.
• Gross margin for the interim-report period rose to 51% (30%) and to 51% (38%) for the third quarter.
• Earnings per share were SEK 0.03 (loss: 0.65) for the interim-report period, amounting to SEK 0.09 (-0.21) for the third quarter.
• Cash and cash equivalents at the end of the period totaled SEK 32.9 M (10.3).
• The order backlog on September 30, 2010 totaled SEK 11.3 M (40.5).
• Frost & Sullivan awarded Fingerprint Cards its Best Product Line Strategy prize.
• The Solrosen consortium acquired all Class A shares in Fingerprint Cards.
• Fingerprint Cards won new orders in China valued at SEK 11 M.
• Anders Blom was employed as Vice President, Business Development.
• The assessment that sales will rise 40-60 % for 2010 compared with 2009 and that gross margin for 2010 will exceed the 2009 level is repeated.
Notable events after the close of the reporting period:
• Deloitte nominated FPC for its Sweden Technology Fast 50 list.
• Fingerprint Cards secured new orders from China worth SEK 8.3 M.
Fingerprint Cards AB (Fingerprint Cards) develops, produces and markets biometric technology, which, through analysis and matching of an individual’s unique fingerprint, verifies the person’s identity. The technology consists of biometric sensors, processors, algorithms and modules that can be used separately or combined. The competitive advantages offered by Fingerprint Cards’ technology include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and the ability to achieve extremely low manufacturing costs, the technology can be implemented in volume products, such as smart cards and mobile telephones, which impose extremely rigorous demands on these characteristics. Fingerprint Cards’ technology can also be used in IT and for Internet security, and for access control. Fingerprint Cards AB (fingerprints.com) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden.
Publication pursuant to Swedish legislation: Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980).