FPC says Q1 revenues outperformed company’s own forecast

May 5, 2015 - 

Fingerprint Cards AB announced its first-quarter sales for 2015 amounted to 140 million crowns (USD $16.7 million), outperforming the company’s own expectations.

The fingerprint sensor company initially predicted last month it would earn quarterly sales of 125 million crowns (USD $14.9 million).

At the time, FPC said in a statement that its operating result for the period would be negative.

FPC, whose shares saw a 75 percent rise this year, is expected to publish its full quarterly earnings report on May 21.

Previously reported, Fingerprint Cards AB announced it has receive an order valued at USD $12.76 million for its touch fingerprint sensor FPC1025 from one of its module partners.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.