Gothenburg, February 21, 2013
2012 was weak in terms of earnings, but laid the foundation for 2013 as a global breakthrough year for FPC's technology and biometrics solutions
Fingerprint Cards AB (publ), Corp. Reg. No. 556154-2381, (FPC),
Fourth quarter 2012:
· Sales totaled SEK 1.9 M (18.6).
· According to the new calculation method, a gross loss of SEK 1.5 M (profit: 9.0) was reported.
· According to the former calculation method, gross profit of SEK 1.8 M (9.6) would have been reported.
· The loss after financial items amounted to SEK 9.8 M (profit: 5.7).
· According to the new calculation method, the gross margin was 77% (48%).
· According to the former calculation method, the gross margin would have been 94% (52%).
· The loss per share was SEK 0.22 (earnings: 0.02).
· FPC won its first Design Win award with mobile phone manufacturer in Japan.
· FPC reopened the office and strengthened the organization in Taiwan with two key people.
· FPC integrated its authentication technology in Secure Elements for mobile transactions.
· FPC opened a US office in San Francisco and hired a Regional Sales Director.
· FPC successfully implemented a private placement of 4.2 million Class B shares and SEK 36.1 M.
· FPC won its first Design Win award with mobile phone manufacturer in China.
· FPC won its second Design Win award with mobile phone manufacturer in Japan.
· FPC hired Jörgen Lantto as Executive Vice President, CTO and Director of Strategy.
· FPC won its third Design Win award with mobile phone manufacturer in Japan.
Full-year January-December 2012
· Sales totaled SEK 10.3 M (68.6).
· According to the new calculation method, a gross loss of SEK 5.7 M (profit: 31.6) was reported.
· According to the former calculation method, gross profit of SEK 6.8 M (38.7) would have been reported.
· The loss after financial items was SEK 38.1 M (profit: 3.4).
· According to the new calculation method, the gross margin was 55% (46%).
· According to the former calculation method, the gross margin would have been 66% (56%).
· The loss per share was SEK 0.89 (earnings: 0.08).
· Cash and cash equivalents at the year-end amounted to SEK 60 M (23).
· The order backlog at December 31 was SEK 19.7 M (6.1).
Notable events after the close of the reporting period:
· FPC opened an office in Tokyo, Japan, and hired a Senior Technical Manager.
· FPC opened an office in Seoul, South Korea, and hired a Senior Sales Executive.
· FPC obtained working credit of SEK 15 M from Nordea with a guarantee from EKN.
· FPC received its first mass production order of 100,000 sensors from CT intended for mobile phones in Japan.
· FPC won its first Design Win award for the FPC 1080A swipe sensor for tablets from a prominent Chinese house of design.
· FPC strengthened its Supply Chain Management and hired Magnus Hansson as Senior Sourcing Director.
· FPC's technology was chosen by the world leading supplier of financial information for its authentication solutions.
· FPC received a Design Win in China for accessories for mobile phones and tablets and secured an initial order for 800,000 FPC1080As.
· FPC hired Jonas Andersson as Director Business Development in secure mobile transactions.
· FPC convened an Extraordinary General Meeting for a new incentive program for newly recruited key employees.
· Forecast for 2013 reiterated: 30 million sold units, sales of SEK 130-190 M, EBITDA 20-35%.
For more information, please contact: Johan Carlström, President and CEO, Fingerprint Cards AB (publ), +46-31-60 78 20, [email protected]
Publication pursuant to Swedish legislation: Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and/or the Financial Instruments Trading Act (1991:980). The information was issued for publication on February 21, 2013, at. 8.00 a.m.
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