Reported Earnings • May 15
First quarter 2026 earnings released First quarter 2026 results: Revenue: kr18.9m (up 3.8% from 1Q 2025). Net loss: kr78.2m (loss widened kr72.5m from 1Q 2025). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Sweden. Annonce • May 04
Fingerprint Cards AB (publ), Annual General Meeting, Jun 03, 2026 Fingerprint Cards AB (publ), Annual General Meeting, Jun 03, 2026, at 13:00 W. Europe Standard Time. Location: at the premises of kanter advokatbyra, at engelbrektsgatan 3, 114 32, stockholm Sweden Annonce • Mar 23
Precise Biometrics AB (publ) (OM:PREC) agreed to acquire Fingerprint Cards AB (publ) (OM:FING B) for approximately SEK 140 million. Precise Biometrics AB (publ) (OM:PREC) agreed to acquire Fingerprint Cards AB (publ) (OM:FING B) for approximately SEK 140 million on March 23, 2026. The Merger will be implemented by Precise Biometrics absorbing Fingerprint Cards, whereby the shareholders in Fingerprint Cards will receive 9 new ordinary shares in Precise Biometrics for each share in Fingerprint Cards, irrespective of share class. Thus, provided that the number of shares in Precise Biometrics and Fingerprint Cards, respectively, does not change from the date of the Merger Plan until the time of completion of the Merger, 68,272,083 ordinary shares in Precise Biometrics will be issued as merger consideration and the shareholders of Fingerprint Cards will, in total, own approximately 47 percent of the shares and votes in the Combined Company. The Merger is expected to create substantial value for the shareholders of the Combined Company through synergies arising from the consolidation of the two companies' operations and overlapping functions. The board of directors of Fingerprint Cards and Precise Biometrics considers the merger consideration to be fair from a financial point of view and unanimously recommends the shareholders of Fingerprint Cards and Precise Biometrics to vote in favor of the Merger Plan at the extraordinary general meeting in Fingerprint Cards and Precise Biometrics, to be held on or about May 6, 2026. The Merger has received all necessary regulatory, governmental and clearances from authorities necessary, approvals and decisions, including a decision from the Inspectorate of Strategic Products (Sw. Inspektionen för strategiska produkter) (“ISP”) to take no action regarding a notification in accordance with the Swedish Screening of Foreign Direct Investments Act, Nasdaq Stockholm has admitted the shares to be issued as merger consideration to trading on Nasdaq Stockholm.
When preparing for the Merger, the companies have conducted limited, customary due diligence reviews of certain business, financial, commercial and legal information relating to Precise Biometrics and Fingerprint Cards, respectively. The merger and merger information documents will be published ahead of shareholders' meetings. Extraordinary general meetings on both companies are expected on or about May 6, 2026. And subject to approvals, the merger is expected to complete mid-July. If the conditions set out in this section have not been satisfied and completion of the Merger has not taken place on or before December 31, 2026, the Merger will not be implemented and this Merger Plan shall cease to have any further effect.
Precise Biometrics has retained DNB Carnegie Investment Bank as financial advisor and Vinge as legal adviser. Fingerprint Cards has retained KANTER Advokatbyrå KB and LegalWorks Nordic as legal advisers. The Board of Fingerprint Cards has engaged Grant Thornton Sweden AB to issue a fairness opinion regarding the Merger. Breakeven Date Change • Feb 16
Forecast to breakeven in 2028 The analyst covering Fingerprint Cards expects the company to break even for the first time. New forecast suggests losses will reduce by 83% per year to 2027. The company is expected to make a profit of kr4.00m in 2028. Average annual earnings growth of 97% is required to achieve expected profit on schedule. Reported Earnings • Feb 16
Full year 2025 earnings: Revenues miss analyst expectations Full year 2025 results: Revenue: kr78.2m (down 81% from FY 2024). Net loss: kr66.4m (loss narrowed 90% from FY 2024). Revenue missed analyst estimates by 3.5%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Sweden. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings have declined by 20% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr139.2m market cap, or US$15.6m). Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -kr7.60 to -kr9.75 per share. Revenue forecast of kr81.0m unchanged since last update. Electronic industry in Sweden expected to see average net income growth of 44% next year. Consensus price target of kr35.00 unchanged from last update. Share price rose 3.8% to kr18.48 over the past week. Annonce • Nov 14
Fingerprint Cards AB (publ) to Report Fiscal Year 2025 Results on Feb 13, 2026 Fingerprint Cards AB (publ) announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Oct 29
Third quarter 2025 earnings released: kr1.97 loss per share (vs kr148 loss in 3Q 2024) Third quarter 2025 results: kr1.97 loss per share (improved from kr148 loss in 3Q 2024). Revenue: kr20.4m (up 34% from 3Q 2024). Net loss: kr16.8m (loss narrowed 94% from 3Q 2024). New Risk • Sep 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr70.5k (US$7.5k) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (330% increase in shares outstanding). Market cap is less than US$10m (kr70.5k market cap, or US$7.5k). Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: kr15.7m (down 86% from 2Q 2024). Net loss: kr30.8m (loss narrowed 83% from 2Q 2024). Board Change • Jul 18
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Senior Advisor & Member of Advisory Board Goran Malm is the most experienced director on the board, commencing their role in 2012. Independent Chairman of the Board Christian Lagerling was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 23x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr188.1m market cap, or US$19.8m). Annonce • Jun 25
Fingerprint Cards AB (publ) Announces Board Changes Fingerprint Cards AB (publ) elected John Lord and Carl Johan Grandinson as Board members. Annonce • May 22
Fingerprint Cards AB (publ), Annual General Meeting, Jun 24, 2025 Fingerprint Cards AB (publ), Annual General Meeting, Jun 24, 2025, at 15:00 W. Europe Standard Time. Location: at citykonferensen ingenjorshuset, malmskillnadsgatan 46, stockholm Sweden Reported Earnings • May 02
First quarter 2025 earnings released First quarter 2025 results: Revenue: kr18.2m (down 88% from 1Q 2024). Net loss: kr5.70m (loss narrowed 93% from 1Q 2024). Reported Earnings • Mar 02
Full year 2024 earnings released: kr0.24 loss per share (vs kr0.73 loss in FY 2023) Full year 2024 results: kr0.24 loss per share. Revenue: kr403.2m (down 43% from FY 2023). Net loss: kr688.3m (loss widened 103% from FY 2023). Annonce • Feb 13
Fingerprint Cards AB (publ) has completed a Composite Units Offering. Fingerprint Cards AB (publ) has completed a Composite Units Offering.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 239,733,096
Price\Range: SEK 0.48
Transaction Features: Rights Offering New Risk • Jan 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr103.0m (US$9.22m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Market cap is less than US$10m (kr103.0m market cap, or US$9.22m). Annonce • Jan 15
Fingerprint Cards AB (publ) to Report Fiscal Year 2024 Results on Feb 28, 2025 Fingerprint Cards AB (publ) announced that they will report fiscal year 2024 results on Feb 28, 2025 New Risk • Dec 18
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr279.2m market cap, or US$25.5m). Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 220%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from kr386.0m to kr409.0m. Forecast EPS reduced from -kr0.10 to -kr0.32 per share. Electronic industry in Sweden expected to see average net income growth of 25% next year. Consensus price target down from kr0.21 to kr0.13. Share price was steady at kr0.074 over the past week. Reported Earnings • Nov 05
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: kr102.8m (down 44% from 3Q 2023). Net loss: kr351.8m (loss widened 377% from 3Q 2023). Revenue is expected to decline by 19% p.a. on average during the next 3 years, while revenues in the Electronic industry in Sweden are expected to grow by 7.9%. New Risk • Nov 01
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (over 5x increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 1 year of cash runway based on current free cash flow (-kr146m). Currently unprofitable and not forecast to become profitable over next 2 years (kr13m net loss in 2 years). Market cap is less than US$100m (kr403.1m market cap, or US$37.7m). Annonce • Oct 01
Fingerprint Cards AB Unveils 4Th Generation Iris Recognition Software Platform, Enhancing Zero Trust Security and AI Deepfake Protection with Ease and Convenience Fingerprint Cards AB has introduced its 4th generation iris recognition software platform, offering a significant leap in convenience and affordability. This solution redefines iris recognition with a "just glance" approach, supporting large field-of-view and long-distance operation on cost- effective off the shelf hardware--without compromising the inherent security of eye-based biometrics, boasting one-in-a-million accuracy. The technology requires minimal face visibility, as little as a one-by-one inch area, and works seamlessly with glasses, masks, makeup, beards and headwear. Unlike some other contactless modalities, iris recognition solution effortlessly distinguishes between siblings, including identical twins. Key use cases include enterprise and residential access control, personal computers, automotive, identity verification for time and attendance, point-of-sale systems, and more. User enrolment takes just a few seconds, with instant authentication thereafter. The platform's advanced machine learning (AI) provides an effortless, prompt, and secure user experience, while enabling a low-cost and small-footprint acquisition system by virtue of its ability to operate at unparalleled image resolutions, including 3 px/mm. With the rise in deepfake and privacy concerns regarding face recognition, iris mitigates fakes for superior security and user experience. Live demonstrations are available starting October 1, 2024. System integration with select customers will begin in first quarter 2025, with general availability later in the year. Major Estimate Revision • Sep 22
Consensus revenue estimates decrease by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from kr465.0m to kr386.0m. EPS estimate unchanged from -kr0.10 per share at last update. Electronic industry in Sweden expected to see average net income growth of 46% next year. Consensus price target of kr0.21 unchanged from last update. Share price rose 21% to kr0.061 over the past week. Annonce • Sep 17
Fingerprint Cards AB and Infineon Technologies AG announces SECORA™ Pay Bio Fingerprint Cards AB and Infineon Technologies AG announced SECORA™ Pay Bio, an all-in-one biometric payment card solution that complies with Visa and Mastercard specifications. This new solution simplifies the process of producing biometric smart cards, making it as seamless and efficient as that of standard dual-interface payment cards. The solution integrates Infineon’s enhanced SLC39B system-on-chip (SoC) Secure Element and Fingerprints™ FPC1323 sensor into the Infineon Biometric Coil on Module (BCoM) package, leveraging the key advantages of inductive coupling technology. This will lead to a much simpler biometric payment card manufacturing process. The solution uses the fingerprint credentials securely stored on the card as a second authentication factor, enabling a convenient and trusted contactless payment experience. Annonce • Aug 29
Fingerprint Cards AB Unveils FPC Allkey, its New Biometric System for Logical and Physical Access Control Fingerprint Cards AB unveils FPC AllKey, its new biometric system for logical and physical access control. The solution has been designed to enable fast and seamless integration into devices, and bring smooth, secure authentication to use cases including peripherals, cryptocurrency wallets, residential or workplace smart door locks, FIDO authenticator tokens, padlocks and more. FPC AllKey can help device makers get rid of PINs and passwords, replacing them with innovative, robust and convenient authentication that consumers value. The biometric system includes all components needed hardware, software and algorithm to be integrated out of the box, with minimal effort or pre-existing experience required. The superior biometric system brings new, enhanced levels of security and authentication to whatever device or application it is paired with, without impacting the host system's performance. Ultra-low power consumption capabilities and unique features also contribute to ensuring a smooth and seamless integration and end-user experience. Reported Earnings • Aug 16
Second quarter 2024 earnings released: kr0.25 loss per share (vs kr0.18 loss in 2Q 2023) Second quarter 2024 results: kr0.25 loss per share (further deteriorated from kr0.18 loss in 2Q 2023). Revenue: kr112.4m (down 45% from 2Q 2023). Net loss: kr183.7m (loss widened 141% from 2Q 2023). Revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Electronic industry in Sweden are expected to grow by 8.7%. Annonce • Aug 05
Fingerprint Cards AB (publ) Appoints David Eastaugh as Chief Strategy and Technology Officer, Effective August 19, 2024 Fingerprint Cards AB announced the appointment of David Eastaugh as the company’s Chief Strategy and Technology Officer. He will assume his position on August 19, 2024. David is a technology visionary in the fields of identity, data, and combating financial crime and fraud, with a diverse background that includes experience in startups, scale-ups, consulting, and corporations. He brings a pragmatic approach, coupled with strong partnership and M&A experience, enabling fast-to-market competitive product development and launch. Evidence of these capabilities can be seen in David’s wealth of experience leading teams that have built global products in the Cloud (SaaS). For the past 25 years, he has been involved in online identity verification including being a key member of the team that built the UK’s first eIDV product (BT URU). David then moved on to work with GBG to lead the development team on their ID3 Global online identity verification product, which was the global market leader for many years. He also had responsibility for several teams across GBG’s identity products and led the team that built GBG CitizenSafe, part of the Gov.Verify initiative. David was also the CTO and a founding member of TruNarrative, a cloud-based orchestration platform which detects and prevents financial crime and fraud. Annonce • Jul 02
Fingerprint Cards AB and IN Groupe Through SPS Brand Announce Launch of its Secure Component Solution for Contactless Biometric Cards Fingerprint Cards AB (Fingerprints) and IN Groupe through SPS brand announced the launch of its secure Component solution for contactless biometric payment cards, supporting global card manufacturers to scale up production of next-generation payment cards. In line with consumer preferences for contactless, the global biometric payment card market is anticipated to rise at a considerable rate over the coming years. To support mass global adoption, Fingerprints and IN Groupe partnered in November 2023 with the aim to simplify the manufacturing process, allowing for increased production by improving reliability and reducing costs. Through SPS brand of IN Groupe, the next-generation cards are now ready for mass global rollout. SPS's cards incorporate Fingerprints' second. -generation T-Shape (T2) sensor module and software platform, which offers ultra-low power consumption and leading biometric performance and is based on STMicroelectronics STPay-Topaz-Bio solution. In 2023, Fingerprints reached the one million sensors shipped milestone specifically for biometric payment cards, highlighting the robust and proven nature of the technology. New Risk • Jun 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 6x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (over 6x increase in shares outstanding). Minor Risk Market cap is less than US$100m (kr369.5m market cap, or US$34.9m). Recent Insider Transactions • Jun 22
Independent Chairman of the Board recently bought kr500k worth of stock On the 18th of June, Christian Lagerling bought around 6m shares on-market at roughly kr0.09 per share. This transaction increased Christian's direct individual holding by 5x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christian has been a buyer over the last 12 months, purchasing a net total of kr1.4m worth in shares. New Risk • Jun 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: kr93.8m (US$9.01m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (kr93.8m market cap, or US$9.01m). Minor Risk Shareholders have been diluted in the past year (45% increase in shares outstanding). Reported Earnings • May 07
First quarter 2024 earnings released: kr0.14 loss per share (vs kr0.17 loss in 1Q 2023) First quarter 2024 results: kr0.14 loss per share. Revenue: kr146.4m (up 25% from 1Q 2023). Net loss: kr85.9m (loss widened 23% from 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in Sweden. Annonce • Apr 30
Fingerprint Cards AB (Publ) Appoints Fredrik Ramberg as Chief Product Officer Fingerprint Cards AB announced the appointment of Fredrik Ramberg the company’s new Chief Product Officer (CPO), effective immediately. Since first joining Fingerprints in 2014, Fredrik Ramberg has held several senior leadership roles, most recently as Head of R&D for Payment and Access. From 2019 to 2021, he was part of the executive leadership team as the company’s senior VP for R&D. Among other roles, he has also served as Senior Manager for Customer Engineering System & Hardware development as well as Manager for ASIC System integration and verification. Before joining Fingerprints, Fredrik held various engineering roles at SAAB, TSMC and Ericsson. Annonce • Mar 12
Fingerprint Cards AB (publ) Appoints Fredrik Hedlund as Its New Chief Financial Officer, Effective March 18, 2024 Fingerprint Cards AB (publ) announced the appointment of Fredrik Hedlund as its new Chief Financial Officer, effective March 18, 2024. Fredrik’s experience spans more than 25 years in finance and operational leadership roles at major global corporations like Nielsen and General Electric, as well as in startups. Reported Earnings • Feb 08
Full year 2023 earnings released: kr0.74 loss per share (vs kr1.92 loss in FY 2022) Full year 2023 results: kr0.74 loss per share (improved from kr1.92 loss in FY 2022). Revenue: kr705.4m (down 18% from FY 2022). Net loss: kr347.2m (loss narrowed 41% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Annonce • Feb 03
Asus Laptop Launches with Fingerprint Cards AB Biometric Match-on-Chip PC Solution Fingerprint Cards AB announced that the company's biometric Match-on-Chip PC solution is integrated in the Asus Expertbook B5 laptop. This is the first Asus Windows PC product that integrates Fingerprints' Match-on-Chip solution, which is on Microsoft's approved vendor list (AVL) for Windows Hello Enhanced Sign-in Security. In Match-on-Chip solutions, the users' biometric data is stored on a separate MCU. This offers higher security than the so-called Match-on-Host systems, where biometric authentication usually occurs in the computer's CPU. While Fingerprints offers both varieties, The company expects Match-on-Chip to continue growing at the expense of Match-on-Host. Match-on-Chip solutions have a higher average selling price (ASP) and currently account for the main part of addressable market in the PC area. Fingerprints' capacitive sensor solution for PCs, in combination with tailored software and algorithm, perform fast fingerprint matching in line with the highest security standards while optimizing user convenience. Annonce • Jan 26
Fingerprints, Benjilock & TKL Products Corp. Debut Biometric Security for Instrument Cases At Namm 2024 Fingerprints, in collaboration with BenjiLock and its new licensee TKL Products Corp, announced the debut of cutting-edge biometric security for instrument cases at NAMM Show 2024.The new biometric instrument cases seamlessly integrate BenjiLock's innovative fingerprint hybrid technology, utilizing Fingerprints' BM-Lite FPC SafeTouch® as a comprehensive biometric fingerprint solution. Incorporating Fingerprints' biometrics is ideal for the next generation of BenjiLock's embedded innovation, specifically integrated into the latch design of TKL guitar cases.TKL Cases, a leader in crafting high-quality instrument cases, collaborates with BenjiLock and Fingerprints to introduce a revolutionary approach to safeguarding musical instruments with the incorporation of biometric security features. This partnership between Fingerprints and BenjiLock, enables manufacturers such as TKL Cases to embrace a powerful synergy of technology, security, and craftsmanship. The integration of biometric security into instrument cases introduces a new era of protection for musicians, ensuring the safety of their instruments while maintaining convenience and accessibility. Annonce • Jan 18
Fingerprint Cards AB Launches FPC Smart'Nroll for Biometric Payment Card Enrollment Fingerprint Cards AB announced the launch of FPC Smart'Nroll, a simple and reusable enrollment device for biometric payment cards. Smart'Nroll enables end-users to easily and securely register their fingerprints on their payment card, in under a minute and at their own convenience, anywhere in the world. The FPC Smart'Nroll device enables both 'at-home' and 'in-branch' enrollment. The new commercial enrollment solution is ready for shipment and will support large-scale launches of biometric payment cards. The device is also compliant with all biometric cards supporting STPay-Topaz-Bio - a solution previously announced by Fingerprints and STMicroelectronics. For new biometric payment card users, FPC Smart'Nroll powers the payment card during the registration phase. The device also guides the user through the enrollment process, with a self-explanatory display, prompts and progress bar that are accessible to speakers of any language. This was essential given the global spread of existing commercial launches. The device is compatible with a unique re-use bank program, a replaceable battery and is compliant with multiple card configurations. Much like the cards themselves, FPC Smart'N roll is highly secure, ensuring that no personal fingerprint data is stored within the device, ensuring privacy in line with the General Data Protection Regulation (GDPR). New Risk • Dec 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risk Shareholders have been diluted in the past year (42% increase in shares outstanding). Annonce • Dec 06
Fingerprint Cards AB (publ) Appoints Hila Meller as Chief Revenue Officer (CRO) Fingerprint Cards AB (publ) announced that Hila Meller has been appointed Chief Revenue Officer. In this newly created executive management role, Hila will lead the company’s Sales & Marketing function, facilitating collaboration among several other teams, including new technology and product development, towards a unified goal of profitable revenue growth. She will take up her new position on January 1st, 2024, reporting to Adam Philpott, Fingerprints’ President & CEO. Hila has extensive experience leading high-performing global teams in cyber security, identity and access management. Most recently, she was the Global Chief Revenue Officer and Global Head of Sales at BT Security where she led a sales organization across the Americas, the UK, continental Europe and APAC, achieving year-on-year sales growth well above the market rate. Prior to this, she held several other senior leadership positions, including roles at BT Security, HP Enterprise Security Services, and CA Technologies. Hila holds a BSc in Computer Science and Mathematics from Bar Ilan university, Israel, and an Executive MBA from Technion institute, Israel and Fudan University, China. Annonce • Oct 27
Fingerprint Cards AB Launches Complete PC Biometric System Fingerprint Cards AB (Fingerprint™?) launched, and is currently being evaluated by several PC OEMs. The system consists of Fingerprints' in-house microcontroller unit (MCU) combined with a fingerprint sensor optimized for PC requirements. Using a customized MCU further refines Fingerprints' biometric Match-on-Chip PC solution, which was added to Microsoft's approved vendor list (AVL) for Windows Hello Enhanced Sign-in Security last year. In Match-on-Chip solutions, the users' biometric data is stored on a separate MCU. This offers higher security than the so-called Match-on-Host systems, where biometric authentication usually occurs in the computer's CPU. Recent Insider Transactions • Oct 25
Independent Chairman of the Board recently bought kr196k worth of stock On the 20th of October, Christian Lagerling bought around 250k shares on-market at roughly kr0.78 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr204k. Christian has been a buyer over the last 12 months, purchasing a net total of kr885k worth in shares. Annonce • Oct 20
Fingerprint Cards AB (publ), Annual General Meeting, May 23, 2024 Fingerprint Cards AB (publ), Annual General Meeting, May 23, 2024. Reported Earnings • Oct 20
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: kr184.8m (up 29% from 3Q 2022). Net loss: kr73.8m (loss widened 45% from 3Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Sweden. New Risk • Sep 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 94% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (kr600.8m market cap, or US$53.8m). Recent Insider Transactions • Sep 11
Insider recently bought kr188k worth of stock On the 8th of September, Karl-Christian Fredrikson bought around 150k shares on-market at roughly kr1.25 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth kr204k. Insiders have collectively bought kr508k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 25
Insider recently bought kr204k worth of stock On the 23rd of August, Karl-Christian Fredrikson bought around 150k shares on-market at roughly kr1.36 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr320k more in shares than they have sold in the last 12 months. New Risk • Aug 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (43% increase in shares outstanding). Market cap is less than US$100m (kr670.6m market cap, or US$61.2m). Major Estimate Revision • Jul 27
Consensus EPS estimates fall by 73% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr1.02b to kr992.0m. Losses expected to increase from kr0.22 per share to kr0.38. Electronic industry in Sweden expected to see average net income growth of 27% next year. Consensus price target of kr7.50 unchanged from last update. Share price rose 6.9% to kr2.09 over the past week. Reported Earnings • Jul 21
Second quarter 2023 earnings released: kr0.18 loss per share (vs kr0.032 loss in 2Q 2022) Second quarter 2023 results: kr0.18 loss per share (further deteriorated from kr0.032 loss in 2Q 2022). Revenue: kr203.3m (down 11% from 2Q 2022). Net loss: kr76.2m (loss widened kr66.7m from 2Q 2022). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. Annonce • May 25
Fingerprint Cards AB (Publ) Approves Election of Board of Directors Fingerprint Cards AB (publ) announced that at its AGM held on May 24, 2023, shareholders approved the election of Mario Shiliashki and Adam Philpott as Board Members. Reported Earnings • Apr 26
First quarter 2023 earnings released First quarter 2023 results: Revenue: kr117.0m (down 61% from 1Q 2022). Net loss: kr70.1m (loss widened 169% from 1Q 2022). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Sweden. Recent Insider Transactions • Feb 01
Chief Financial Officer recently bought kr115k worth of stock On the 26th of January, Per Sundqvist bought around 45k shares on-market at roughly kr2.55 per share. This transaction increased Per's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Per has been a buyer over the last 12 months, purchasing a net total of kr116k worth in shares. Reported Earnings • Jan 26
Full year 2022 earnings released: kr1.99 loss per share (vs kr0 in FY 2021) Full year 2022 results: kr1.99 loss per share (further deteriorated from kr0 in FY 2021). Revenue: kr861.8m (down 36% from FY 2021). Net loss: kr586.0m (down kr586.1m from profit in FY 2021). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Price Target Changed • Nov 16
Price target decreased to kr16.00 Down from kr21.00, the current price target is provided by 1 analyst. New target price is 384% above last closing price of kr3.30. Stock is down 85% over the past year. The company is forecast to post a net loss per share of kr0.37 compared to earnings per share of kr0.00034 last year. Price Target Changed • Nov 02
Price target decreased to kr16.00 Down from kr22.00, the current price target is provided by 1 analyst. New target price is 240% above last closing price of kr4.71. Stock is down 77% over the past year. The company is forecast to post a net loss per share of kr0.37 compared to earnings per share of kr0.00034 last year. Board Change • Oct 31
High number of new directors Chairman of the Board Christian Lagerling was the last director to join the board, commencing their role in 2022. Reported Earnings • Oct 21
Third quarter 2022 earnings released: kr0.17 loss per share (vs kr0.042 profit in 3Q 2021) Third quarter 2022 results: kr0.17 loss per share (down from kr0.042 profit in 3Q 2021). Revenue: kr143.2m (down 60% from 3Q 2021). Net loss: kr51.0m (down kr63.3m from profit in 3Q 2021). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Electronic industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Price Target Changed • Oct 18
Price target decreased to kr22.00 Down from kr27.00, the current price target is provided by 1 analyst. New target price is 251% above last closing price of kr6.26. Stock is down 73% over the past year. The company is forecast to post a net loss per share of kr0.09 compared to earnings per share of kr0.00034 last year. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Director Sofia Bertling was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • May 24
Independent Director recently sold kr12m worth of stock On the 16th of May, Ted Elvhage sold around 975k shares on-market at roughly kr11.87 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr3.8m more than they bought in the last 12 months. Recent Insider Transactions • May 04
Independent Director recently bought kr1.1m worth of stock On the 28th of April, Ted Elvhage bought around 100k shares on-market at roughly kr10.82 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr7.8m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 27
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: kr0.089 loss per share (down from kr0.025 profit in 1Q 2021). Revenue: kr300.2m (down 15% from 1Q 2021). Net loss: kr26.1m (down 448% from profit in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 100%. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Apr 23
First quarter 2022 earnings: Revenues in line with analyst expectations First quarter 2022 results: Revenue: kr300.2m (down 15% from 1Q 2021). Net loss: kr26.1m (down 448% from profit in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.