Highlights of the quarter
- Cash flow from operating activities increased to
SEK 82.4 M fromSEK 59.5 M in the preceding quarter - Revenues increased by 8% compared to the previous quarter
- FPC1540, a new side-mounted capacitive sensor, was launched
- Fingerprints’ technology was used in the world’s first commercial launch of biometric credit cards
Fourth quarter of 2019
- Revenues amounted to
SEK 381.4 M (424.3) - The gross margin was 23 percent (21)
- EBITDA was
SEK 13.3 M (pos: 8.8) - The operating result was negative
SEK 15.3 M (neg: 25.5) - Earnings per share before dilution were negative
SEK 0.06 (neg: 0.06) - Cash flow from operating activities amounted to
SEK 82.4 M (neg: 26.1)
January –
- Revenues amounted to
SEK 1,458.6 M (1,535.1). - The gross margin was 23 percent (0)
- EBITDA totaled
SEK 128.7 M (neg: 505.2) - The operating result was negative
SEK 14.4 M (neg: 771.6) - Earnings per share before dilution were negative
SEK 0.04 (neg: 2.01) - Cash flow from operating activities amounted to
SEK 160.4 M (274.6) - The Board proposes to the Annual General Meeting that no dividend be paid for the 2019 fiscal year
CEO’s comments
The positive trend in Business Line Mobile continued in the fourth quarter and we increased sales by 8 percent compared with the preceding quarter. During the year, we broadened our customer base, and we also see that the capacitive technology is being embraced to an increasing extent in new areas of application.
The gross margin was 23 percent, which is in line with what we delivered in the first three quarters of 2019. However, we are not satisfied with the current margin level and our efforts to ensure a competitive production cost continue as strong as ever. Another key priority in this context is broadening our business, both in terms of new products and further areas of application. Fingerprints remains the leading provider in the world for capacitive sensors for smartphones and we continued to strengthen our position in the fourth quarter by expanding our product portfolio. In November, we launched FPC1540, a new thin sensor designed for side-mounting. This sensor functions extremely well in the most recent smartphone models, e.g. in smartphones that are borderless or foldable. Already in December, Xiaomi launched two smartphone models in which FPC1540 is integrated inside the power button on the side of the device. We also launched Touchless 2.0 during the quarter. By combining iris and facial recognition, this solution offers end users a high security level without compromising user-friendliness. Our Touchless 2.0 platform offers a more secure and more cost-effective alternative to advanced facial recognition, not only for smartphones but for a number of applications in various industries.
Expanding the business into new areas is a very important priority for Fingerprints. Biometrics is now genuinely on the way to making its entry into another global mass market: card payments. Fingerprints’ products in this area are world-leading in terms of security, user-friendliness and performance, and it is very gratifying that our T-Shape sensor and biometric software platform for payments are being used in the world’s first commercial launch of biometric credit cards. This launch was conducted by Cornèrcard in
Of course, we follow the news concerning the Corona virus outbreak closely and have a high level of preparedness. We expect a dampening effect on the operations of the company, but the extent is still unclear.
Today at
The report will be available at fingerprints.com
The webcast and the presentation material can be accessed through https://engage.vevent.com/rt/fingerprints/index.jsp?seid=158
For analysts and media: The telephone conference dial-in is +44 (0) 2071 928000 (international participants) or 08-506 921 80 (Swedish participants). Please state conference ID 9376366.
For information, please contact: Per Sundqvist, CFO +46(0)10-172 00 10 investrel@fingerprints.com Press: +46(0)10-172 00 20 press@fingerprints.com This is the type of information that | |
About Fingerprints We believe in a secure and seamless universe, where you are the key to everything. Our solutions are found in hundreds of millions of devices and applications, and are used billions of times every day, providing safe and convenient identification and authentication with a human touch. For more information visit our website, read our blog, and follow us on Twitter. Fingerprints is listed on Nasdaq Stockholm (FING B). |
Attachment
- Interim report Q4 2019
© OMX, source