FB pixel

Fingerprint Cards issues Q3 results as details emerge around fake Samsung announcement

 

Fingerprint Cards has issued its third quarter results and says it’s in a “pole position in a multi-billion market, which is just opening.”

For the quarter, sales totalled USD $4.93 million (SEK 31.6M) and its gross profit amounted to USD $2.42 million (SEK 15.5M), with a gross margin of 49%.

Last week, Fingerprint Cards was the subject of a particularly peculiar story. Early in the morning, a press release was published which alleged that FPC had been acquired by Korean technology giant Samsung. In the 17 minutes trading was active for the company, Fingerprint Cards’ stock shot up 51 percent. As soon as it was discovered that the press release was fake, trading was halted and transactions from the day were cancelled.  

At this point, it’s still mostly unclear what the true origin of the release was as well as how or why it was created, but some details are starting to emerge.

Both Samsung and Fingerprint Cards have denied the acquisition, though there have been some reports to suggest that the bogus release originated from a hack of a news wire service, which was possibly related to an earlier Adobe hack. This story is still developing.

Fingerprint recently issued a preliminary forecast for 2014, amid growing interest in the company following Apple’s iPhone 5S launch as well as imminent meetings with investors and analysts. FPC says it expects sales in the third quarter of 2013 will be in the range of US $4.2 to $5.14 million (SEK 27-33M). In addition, the company says it expects sales to exceed US $77.9 million (SEK 500M) in 2014.

Article Topics

 |   | 

Latest Biometrics News

 

Biometrics disrupting the future of movement, on and offline

Biometrics are disrupting different areas of life, from how people interact with governments for basic services to the esoteric world…

 

Alexa, sue Amazon: tech giant faces class action over voice recordings

Users of Amazon’s Alexa are clear to pursue a class action over allegedly illegal recordings of private conversations. In Seattle,…

 

Epic Games provides Yoti facial age estimation to Bluesky for UK users

Social media platform Bluesky has selected Epic Games’ software, including biometrics-based age estimation from Yoti, to ensure its compliance with…

 

RealSense targets robotics, 3D facial recognition security with $50M in hand

RealSense has cut the cord tying it to Intel Corp, where the 3D camera company was born, with $50 million…

 

Will Congress reaffirm US cyber threat sharing framework before it’s too late?

As the September 30 expiration date for the Cybersecurity Information Sharing Act of 2015 (CISA 2015) rapidly approaches, Congress faces…

 

World pauses German operations for Orb update amid regulatory faceoff

World is facing a potential cease-and-desist order in the Philippines, and has put its iris scanning stations on hold in…

Comments

3 Replies to “Fingerprint Cards issues Q3 results as details emerge around fake Samsung announcement”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events