Biometrics stocks update: smartphone 3D face recognition trend boosts Win Semiconductors
Strong demand for power amplifiers, Wi-Fi and vertical-cavity surface-emitting laser (VCSEL) chips used in 3D facial recognition implementations has driven Win Semiconductors to a record high in revenue, with mid single-digit growth over the NT$6.4 billion (US$209.2 million) it reported last quarter, the Taipei Times reports.
The increase could improve full-year revenue for Win by 20 percent over the NT$17.31 billion ($570 million) earned in fiscal 2018. Net profit climbed to NT$1.64 billion ($54 million), or NT$3.9 ($0.13) per share. Net profit was NT$384 million a year earlier, and NT$1.19 billion in Q3, 2019.
“Almost all smartphone customers are showing increased demand for our products in the fourth quarter, compared with the third quarter,” Win Semiconductors President Steven Chen told investors in an earnings call.
Chen also noted that the third quarter is typically the company’s strongest, and that the results mean its customers are outperforming smartphone sales expectations. 5G smartphones and applications are expected to contribute to growth for Win over the next few years.
The Honor 20 Lite (Youth Edition), Oppo Reno Ace and K5 smartphones have been launched an optical in-display fingerprint sensor supplied by Goodix.
Fingerprint sensors from Fingerprint Cards have been announced for the Moto E6 and E6 Plus, which are using the FPC1028 sensor, the Xaomi Redmi 8, the Redmi Note 8 Pro, and the Samsung Galaxy A20s, all three of which integrate the FPC1511 sensor, according to a series of tweets by the company. The launches bring the total number of devices utilizing FPC sensors to 398.
Ping to announce Q3 earnings
Ping Identity has set the earnings report and call for the third quarter of its fiscal 2019 year, ending September 30, for November 13, 2019. The company will host a conference call that afternoon at 3:00 p.m. Mountain time.
Ping launched its initial public offering on the NYSE in September.
Ipsidy expands mobile OS support
Ipsidy has expanded support for its offerings across Apple’s iOS13 and Android, to mobile offer facial biometric proofing, digital ID document checks, physical access management, keyless locks and geo-location attendance and workforce management across all Apple and Android platforms.
The Proof by Ipsidy solution features expanded support for Near-Field Communications in iOS13, Time by Ipsidy has been launched to the Apple Store and Google Play Store, and Concierge has reached availability on both Apple and Android platforms, according to the announcement. The company’s FaceLok mobile SDK has also been integrated into the Ipsidy Mobile app, Time and Concierge.