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FPC Submits Updated Guidance for 2013 and Preliminary Guidance for 2014
GOTHENBURG, Sweden and NEW YORK, September 23, 2013 /PRNewswire/ --
Fingerprint Cards (FPC) today presents updated guidance for 2013, a preliminary
forecast for 2014 and an updated market outlook for 2014 and 2015.
Due to the ongoing interest in the company following Apple's launch of Touch ID last
week and ahead of imminent meetings with investors and analysts, the Board of Directors of
FPC has decided to provide new and updated guidance.
- FPC expects that sales in the third quarter of 2013 will be in the range
of SEK 27-33 M. FPC had previously provided guidance for sales in the range of SEK
20-30 M.
- FPC continues to expect that sales in the fourth quarter of 2013 should be in
the range of SEK 30-50 M.
- Based on current market conditions, FPC currently anticipates that sales for
2014 will exceed SEK 500 M, assuming significant growth in the second half of 2014
relative to the first half of the year.
- FPC estimates that the company will be able to report profitability as of the
third quarter of 2014 with EBITDA margins rising quarter by quarter, exceeding 20% for
the full year and approaching 30% for the fourth quarter of 2014.
- FPC expects that all Tier 1 smartphone OEMs will have a capacitive fingerprint
sensor in their flagship models by the end of 2014.
- FPC estimates that the market for integrated sensors in consumer electronics
will be in excess of 500 million units in 2014.
- FPC estimates that the market for integrated sensors in consumer electronics
will be in excess of 3 billion units in 2015.
- FPC targets a 60% market share for touch sensors in smartphones in 2014-15
(excluding Apple)
- The FPC 1020, FPC's new touch sensor which is optimized for smartphones and
tablets, is scheduled for launch during the first quarter of 2014.
- The above assessments are due to the industry's rapid advances and are subject
to considerable uncertainty.
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) markets, develops and produces biometric components and
technologies that through the analysis and matching of an individual's unique fingerprint
verify the person's identity. The technology consists of biometric sensors, processors,
algorithms and modules that can be used separately or in combination with each other. The
competitive advantages offered by the FPC's 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 phones, where
extremely rigorous demands are placed on such characteristics. The company's technology
can also be used in IT and Internet security, access control, etc.
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 September 23, 2013 at 8:00 a.m.
CET.
Important information
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 an offering to acquire or subscribe for any of the company's
securities in any jurisdiction.
For further information, contact: Johan Carlstrom, CEO Fingerprint Cards AB (publ),
+46(0)31-60-78-20, investrel@fingerprints.com
Fingerprint Cards AB
FPC Submits Updated Guidance for 2013 and Preliminary Guidance for 2014
GOTHENBURG, Sweden and NEW YORK, September 23, 2013 /PRNewswire/ --
Fingerprint Cards (FPC) today presents updated guidance for 2013, a preliminary
forecast for 2014 and an updated market outlook for 2014 and 2015.
Due to the ongoing interest in the company following Apple's launch of Touch ID last
week and ahead of imminent meetings with investors and analysts, the Board of Directors of
FPC has decided to provide new and updated guidance.
- FPC expects that sales in the third quarter of 2013 will be in the range
of SEK 27-33 M. FPC had previously provided guidance for sales in the range of SEK
20-30 M.
- FPC continues to expect that sales in the fourth quarter of 2013 should be in
the range of SEK 30-50 M.
- Based on current market conditions, FPC currently anticipates that sales for
2014 will exceed SEK 500 M, assuming significant growth in the second half of 2014
relative to the first half of the year.
- FPC estimates that the company will be able to report profitability as of the
third quarter of 2014 with EBITDA margins rising quarter by quarter, exceeding 20% for
the full year and approaching 30% for the fourth quarter of 2014.
- FPC expects that all Tier 1 smartphone OEMs will have a capacitive fingerprint
sensor in their flagship models by the end of 2014.
- FPC estimates that the market for integrated sensors in consumer electronics
will be in excess of 500 million units in 2014.
- FPC estimates that the market for integrated sensors in consumer electronics
will be in excess of 3 billion units in 2015.
- FPC targets a 60% market share for touch sensors in smartphones in 2014-15
(excluding Apple)
- The FPC 1020, FPC's new touch sensor which is optimized for smartphones and
tablets, is scheduled for launch during the first quarter of 2014.
- The above assessments are due to the industry's rapid advances and are subject
to considerable uncertainty.
About Fingerprint Cards AB (publ)
Fingerprint Cards AB (FPC) markets, develops and produces biometric components and
technologies that through the analysis and matching of an individual's unique fingerprint
verify the person's identity. The technology consists of biometric sensors, processors,
algorithms and modules that can be used separately or in combination with each other. The
competitive advantages offered by the FPC's 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 phones, where
extremely rigorous demands are placed on such characteristics. The company's technology
can also be used in IT and Internet security, access control, etc.
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 September 23, 2013 at 8:00 a.m.
CET.
Important information
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 an offering to acquire or subscribe for any of the company's
securities in any jurisdiction.
For further information, contact: Johan Carlstrom, CEO Fingerprint Cards AB (publ),
+46(0)31-60-78-20, investrel@fingerprints.com
Fingerprint Cards AB