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Advance quarterly report for second quarter due to downward revision of sales forecast

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Fingerprint Cards AB (publ), Corp. Reg. No. 556154-2381, (FPC)

Second quarter, 2012:

  • Sales totaled SEK 0.6 M (16.9).
  • According to the new calculation method, a gross loss of SEK 3.1 M (profit: 8.5) was reported.
  • According to the former calculation method, gross profit of SEK 0.1 M (10.4) would have been reported.
  • The loss after financial items amounted to SEK 9.8 M (profit: 0.1).
  • According to the new calculation method, the gross margin was minus 500% (+50).
  • According to the former calculation method, the gross margin would have been 20% (61).
  • The loss per share totaled SEK 0.22 (0.00).
  • Cash and cash equivalents at the period-end amounted to SEK 36.1 M (37.5).
  • The order backlog at June 30 was SEK 46.3 M (14.9).
  • Forecast for the full-year 2012: very low sales in the second half of 2012.
  • FPC appointed Carnegie as a liquidity provider.
  • FPC and CrucialTec launched biometric modules to leading customers in the sector.
  • FPC advancing its partnership with Miaxis with a particular focus on the banking sector.
  • FPC appointed Göran Malm and Tord Wingren as new members of its Advisory Board.
  • FPC and CT are developing a new module with a new silicon, which will open a new market for FPC.
  • FPC launched a slimmer new fingerprint sensor, with the highest ESD protection.

Interim report January-June 2012

  • Sales totaled SEK 5.8 M (29.8).
  • According to the new calculation method, a gross loss of SEK 3.3 M (profit: 13.7) was reported.
  • According to the former calculation method, gross profit of SEK 2.9 M (17.2) would have been reported.
  • The loss after financial items amounted to SEK 18.8 M (loss: 2.7).
  • According to the new calculation method, the gross margin was minus 57% (+46).
  • According to the former calculation method, the gross margin would have been 50% (58).
  • The loss per share totaled SEK 0.43 (loss: 0.04).
  • Cash and cash equivalents at the period-end amounted to SEK 36.1 M (37.5).
  • The order backlog at June 30 was SEK 46.3 M (14.9).

Notable events at the close of the reporting period:

  • On July 9, the Board resolved to annul the order for SEK 44 M from a Chinese distributor.
  • This interim report was brought forward to July 10 due to downward revision of sales forecast.

 

For further information, please contact:
Johan Carlström, President and CEO, Fingerprint Cards AB (publ), +46 31-607820, investrel@fingerprints.com
Fingerprint Cards AB (publ), Box 2412, SE-403 16 GOTHENBURG, Sweden, www.fingerprints.com

Fingerprint Cards AB (FPC) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden. 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 July 10, 2012, at. 8.00 a.m.

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Issuing, publishing or distributing this press release may be subject to restrictions in certain jurisdictions. Recipients of this press release are responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards in any jurisdiction.

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