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Fingerprint Cards AB (FINGb.ST)

FINGb.ST on Stockholm Stock Exchange

17.59SEK
14 Dec 2017
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17.59kr
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11,678,408
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68.00kr
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16.33kr

Latest Key Developments (Source: Significant Developments)

Fingerprint Cards CEO sees volume growth for fingerprint sensors market around 20 pct in 2018
Wednesday, 1 Nov 2017 09:00am EDT 

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 03:00am EDT 

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 03:07am EDT 

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

Fingerprint Cards CEO says still sees market share around 50 percent 2017
Friday, 21 Jul 2017 02:54am EDT 

July 21 (Reuters) - Fingerprint Cards CEO Christian Fredrikson tells Reuters::Repeats sees ASP (Average Selling Price) decline this year over 20 percent.Says still sees market share around 50 percent in 2017.  Full Article

Fingerprint Cards Q2 operating profit below forecasts, inventory levels normalized
Friday, 21 Jul 2017 01:00am EDT 

July 21 (Reuters) - Fingerprint Cards :Fingerprint cards Q2 operating profit amounted to SEK 72.0 m.Fingerprint cards Q2 revenues amounted to SEK 823.4 m (1,666.1), down 51% compared with Q2 of 2016.Fingerprint cards Q2 - normalized inventory levels.Fingerprint cards Q2 - towards end of quarter, inventory levels in value chain normalized as anticipated.Fingerprint cards Q2 - as a result, our own inventories declined and all of our major customers ordered sensors from us.Fingerprint Cards says market shares began to gradually rise again during the quarter.Reuters poll: Fingerprint Q2 revenues seen at SEK 859 million, operating profit at SEK 155 million.Cash flow from operating activities was SEK 528.0 m (530.4).  Full Article

Fingerprint Cards starts collaboration with Arrow Electronics
Wednesday, 31 May 2017 07:30am EDT 

May 31 (Reuters) - Fingerprint Cards AB :Says strengthens its position through collaboration with new distributor Arrow Electronics.Says the collaboration with Hong Kong-based Arrow Electronics will strengthen Fingerprints' position, and help the company develop additional channels into new markets and application areas.Says previously, Fingerprints has collaborations with 15 distributors, of which the majority are based in Asia.  Full Article

Fingerprints' touch sensor featured in Qiku's new smartphone
Thursday, 13 Apr 2017 05:00am EDT 

Fingerprint Cards AB : Says Fingerprints' touch sensor featured in Qiku's new smartphone 360 F5 .Says "We're always happy to see new customer devices launched. This product is particularly important as it is the first device based on Spreadtrum platform, with a fingerprint sensor from Fingerprints. Spreadtrum is a major mobile platform supplier, very strong in the low-cost segment", says Ted Hansson, Senior Vice President, Business Line Mobile, at Fingerprints..  Full Article

Fingerprint Cards CEO says expects market share around 50 pct in 2017
Tuesday, 21 Mar 2017 04:20am EDT 

Fingerprint Cards Ab CEO Christian Fredrikson tells telephone conference: Says expects market share around 50 percent in 2017 . Has previously forecast 2017 market share above 50 pct Further company coverage: [FINGb.ST] (Reporting By Olof Swahnberg) ((Olof.Swahnberg@thomsonreuters.com;)).  Full Article

Kotsinas, Nordh, Titov proposed for Fingerprint Cards' board
Tuesday, 21 Mar 2017 04:00am EDT 

Fingerprint Cards AB : Says nomination committee proposes reelection of Jan Wareby, Urban Fagerstedt, Michael Hallen, Asa Hedin, Tomas Mikaelsson, Carl-Johan von Plomgren . Says proposes new election of Alexander Kotsinas, Ann-Sofie Nordh, Dimitrij Titov . Says it is proposed that Jan Wareby be reelected as chairman of board .Says Katarina Bonde and Peter Carlsson have declined reelection.  Full Article

Fingerprint Cards warns on weaker than expected Q1, withdraws dividend proposal
Tuesday, 21 Mar 2017 03:01am EDT 

Fingerprint Cards AB : Fingerprint Cards AB says expects an even weaker Q1 and the short-term challenges to prevail in Q2 . Says cannot confirm its communicated guidance for revenues and profitability for full year 2017 . Says board has now decided to withdraw proposal of 2 SEK per share . Says as a consequence of current short term uncertainty, company has decided to refrain from further guidance for 2017 and board of Fingerprint Cards has decided to withdraw its proposal of dividend for 2016 . Says revised proposal is not to pay dividend for 2016, but to go forward with cancellation of treasure shares . Says due to weakened demand from OEM customers in Q1 and channel inventory build up previously communicated, company now estimates a revenue decline of more than 50 percent for Q1 2017 compared to last year . Says management is also taking necessary actions to adjust investments and to secure efficiency of resources in current situation . Says inventory levels in company's channel have decreased slower than expected, and continue to affect shipment volumes and revenues in current quarter, and are also expected to affect Q2 .Says short-term challenges are expected to continue until Q2 this year.  Full Article

BRIEF-Morgan Stanley cuts stake in Fingerprint Cards to 0.48 pct of shares‍​

* Morgan Stanley cuts stake in Fingerprint Cards to 0.48 percent of shares‍​ Further company coverage: (Reporting by Stockholm Newsroom)