FPC Upgrades Revenue Predictions, Announces New Order

FPC Upgrades Revenue Predictions After Asia-Based OrderFingerprint Cards (FPC) has received yet another major order from an Asia-based module partner, the company has announced. Valued at 375 MSEK, this order has compelled the company to revise its revenue predictions for both the 2nd quarter and the full year.

The Q2 projections have been revised from 340 MSEK to 390 MSEK, and the full-year projections for 2015 were bumped up from 1500 MSEK to 2200 MSEK. In a statement, FPC credited the sales boosts to a “rapid increase in market growth”, with CEO Jörgen Lantto asserting, “It is becoming clear that 2015 is the year when touch fingerprint sensors are becoming broadly integrated in smartphones.”

There’s good reason to believe that, even putting aside the success of FPC in particular. With Apple having popularized the smartphone fingerprint sensor over the last year, market analysts now believe it will soon be ubiquitous. And Google’s inclusion of native fingerprint scanning capabilities on its forthcoming Android M OS should further bolster the technology’s saturation into the mass market. The rise of the major mPayment platforms, all of which rely on biometric user authentication, is also helping to popularize the technology.

In the case of FPC specifically, the latest order also helps to build a trend that has seen the company’s technology find a very strong client base in Asia, with a string of recent orders having emerged from that region. This latest order includes all of FPC’s fingerprint sensors, and will ship mostly during Q3.

(Originally posted on Mobile ID World)

Reproduced please specify:zkblog » FPC Upgrades Revenue Predictions, Announces New Order

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