GOTHENBURG, Sweden, June 16, 2015 /PRNewswire/ --
Fingerprint Cards (FPC) raises the revenue guidance for Q2 2015 from previously communicated that it will amount to at least 340 MSEK to that it will amount to around 390 MSEK. Due to the rapid increase in market growth and orders received the revenue guidance for 2015 is raised from the previously communicated guidance that revenue for 2015 will exceed 1,500 MSEK to an updated guidance that revenue for 2015 will amount to approximately 2,200 MSEK.
Due to receipt of orders of touch fingerprint sensors with request for immediate delivery the revenue guidance for the second quarter 2015 is raised from previously communicated that it will amount to at least 340 MSEK to that it will amount to around 390 MSEK.
FPC has seen a strong sequential increase of order inflow and a continued increased interest from smartphone manufacturers in integrating the company's touch fingerprint sensors during the last months. Consequently the revenues for the second half 2015 are expected to be significantly higher than previously estimated and amount to approximately 1,700 MSEK.
Based on that background the revenue guidance for 2015 is raised from previously communicated that it will exceed 1,500 MSEK to that it will amount to approximately 2,200 MSEK. The reason for this is the growing interest from the market in integrating touch fingerprint sensors and the company's strong product portfolio.
Jörgen Lantto, CEO of FPC, comments: "It is becoming clear that 2015 is the year when touch fingerprint sensors are becoming broadly integrated in smartphones. Google's upcoming release of a complete platform support for fingerprint sensors in the Android M release is expected to play a major role in the strongly increased demand we are now experiencing. Our broad product portfolio and leading technology has in our view been a strong contributor for our touch fingerprint sensors being included in a large part of the smartphones with integrated touch fingerprint sensors that are being launched during the remainder of 2015. The fact that seven smartphone manufacturers have already launched smartphones with our touch fingerprint sensors means that we have established a clear position as the leading supplier of touch fingerprint sensors for this market. The sharp rise in demand for the company's entire product portfolio will put a lot of pressure on the whole organization, but it is a challenge we are ready for".
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) is a high tech and listed company which develops, produces and markets biometric technology that through the analysis and matching of an individual's unique fingerprint verify the person's identity. A secure and convenient user experience is thus made possible, beyond keys and pins. The FPC technology offers world class advantages and include unique image quality, extreme robustness, low power consumption and complete biometric systems. With these advantages and in combination with low production costs the technology may be implemented in large volume products as smartphones, tablets and biometric cards where these demands are extremely high. FPC's technology have user cases from a number of applications.
Fingerprint Cards AB (publ) discloses this information pursuant to the Swedish Securities Market Act (2007:528) and the Swedish Financial Instruments Trading Act (1991:980). The information was issued for publication on June 16, 2015, at 08.05 a.m.
Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.
For more information, please contact:
Jörgen Lantto, President and CEO Fingerprint Cards AB (publ), +46-(0)31-60 78 20, email@example.com
SOURCE Fingerprint Cards