GOTHENBURG, Sweden , Dec. 9, 2015 /PRNewswire/ --
Fingerprint Cards (FPC) hosts an Investor Update today. During this event the revenue guidance for 2016 of 6500-8500 MSEK is communicated by the company. The revenue guidance for 2016 has not previously been communicated. The company also communicates that the operating margin for 2016 is estimated to be higher than the corresponding for the second half of 2015. This has also not been previously communicated.FPC estimates that the penetration of fingerprint sensors in smartphones will continue to increase to somewhat exceeding 50% for the full year 2016. Previously the estimation was around 50% for the full year 2016. For the full year 2015 the penetration is estimated to be somewhat higher than 30%. Previously the estimation was around 30%.
FPC estimates that it will capture approximately 45% of the value of the total addressable fingerprint sensor market for 2015. Such estimation has not been previously communicated. The value for the fingerprint sensor market includes the offerings from FPC and products from its direct competitors and excludes fingerprint sensor modules and Apple's products.
FPC estimates that it will grow faster than the market in 2016, and that the company obtains a value share of approximately 50-70% of the same market. During 2016 the smartphone market is estimated to account for the absolute majority of the fingerprint sensor market, however at the same time other market segments, in particular smart cards, are estimated to grow and from 2017 and onwards amount to a substantial share of the market for fingerprint sensors. These estimations have not been previously communicated.
During the Investor Update the company will share information on market development, customers, products, technology, financial objectives as well as how FPC intend to address opportunities related to new emerging market segments and product opportunities. The presentation material will be published on the company's website after the investor update has been finished. Recorded material from the event will be published on the company's website on 10 December.
For footage, presentations and video material:
Footage http://www.fingerprints.com/corporate/en/media-2/press-kit/
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 December 9, 2015, at 1:00 p.m.
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 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, investrel@fingerprints.com
