Fingerprint Cards AB
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Palmprint Payment Market Projected at USD 3.57 Billion by 2035, Driven by Rising Demand for Secure Contactless Transactions | SNS Insider
Globenewswire· 2026-02-12 05:03
Core Insights - The Palmprint Payment Market is projected to grow from USD 1.30 Billion in 2025 to USD 3.57 Billion by 2035, with a CAGR of 10.64% during 2026–2035 [1][2] Market Overview - The palmprint payment market is expanding rapidly due to increasing demand for simple, contactless, and secure payment options, offering higher accuracy and fraud resistance compared to traditional payment systems [2] - The U.S. palmprint payment market is expected to grow from USD 0.30 Billion in 2025 to USD 0.71 Billion by 2035, with a CAGR of 9.12% during 2026–2035, driven by security concerns and the need for fraud-proof payment solutions [3] Segmentation Analysis - **By Deployment Mode**: Cloud-Based solutions dominate with a 56.80% market share in 2025 and are the fastest-growing segment due to scalability and strong enterprise adoption [4] - **By Technology**: Cloud-Based Solutions hold a 41.50% share in 2025 and are also the fastest-growing segment, driven by ease of integration and widespread adoption [5] - **By Application**: E-commerce Transactions lead with a 31.00% share in 2025, fueled by online retail growth and consumer preference for contactless payments [8] - **By End-Use**: Large Enterprises account for 30.50% of the market in 2025, while Government Institutions are the fastest-growing segment due to the implementation of secure biometric payment systems [9] Regional Insights - North America holds a 34.50% share of the global palmprint payment market in 2025, supported by advanced digital infrastructure and high adoption of biometric solutions [10] - The Asia Pacific region is experiencing strong growth at a CAGR of 14.08% during the forecast period, driven by digital payment adoption and government initiatives for cashless transactions [11] Market Drivers - The rising demand for contactless authentication is propelling market expansion globally, as consumers and businesses seek secure and efficient payment solutions [12]
Fingerprint Cards AB (publ) completes third IP monetization and licensing transaction in 11 months, with a new PixArt Imaging Inc. deal signed for SEK 19 million upfront plus royalty potential
Globenewswire· 2025-10-03 06:35
Core Insights - Fingerprint Cards AB (FPC) has entered into a commercialization and licensing agreement with PixArt Imaging Inc., marking its third IP monetization transaction in 11 months [1] - FPC will receive an upfront payment of USD 2.0 million (approximately SEK 19 million) and will retain rights to royalties on derivative products developed by PixArt [1][2] - The agreement is expected to strengthen FPC's balance sheet and support capital allocation towards core authentication platforms and high-growth initiatives [2][3] Financial Implications - The upfront payment of USD 2.0 million will be received in the fourth quarter of 2025, providing immediate value from prior investments [1][2] - The potential for recurring royalty income from PixArt's use of licensed technology is anticipated to enhance financial flexibility [2][3] Strategic Alignment - The partnership with PixArt aligns with FPC's strategy to monetize existing IP assets and explore collaboration in areas such as smart home, automotive, and wearables [3] - The cash infusion from this agreement will enable FPC to accelerate investments in new revenue streams, reinforcing its leadership in secure authentication [3] Company Overview - Fingerprint Cards AB (FPC) is a global leader in biometrics, providing solutions that enable secure and convenient authentications across various devices and platforms [5] - The company aims to drive the transition to a passwordless world through its cloud-based identity management platforms, supporting multiple biometric modalities [5]
Bulletin from the extraordinary general meeting of Fingerprint Cards AB (publ) on August 18, 2025
Globenewswire· 2025-08-18 08:27
Core Viewpoint - Fingerprint Cards AB (FPC) held an Extraordinary General Meeting on August 18, 2025, where significant resolutions were passed regarding a reverse share split [1]. Group 1: Reverse Share Split - The Meeting resolved to revoke previous resolutions concerning the reverse share split and amend the articles of association to enable this action [2]. - A reverse share split of 2,000 existing shares into one share was approved, resulting in a decrease of shares from 15,175,375,766 to 7,587,687 shares, and votes from 15,246,250,766 to 7,623,120 votes [2]. - After the reverse share split, each share will have a quota value of approximately SEK 21.353477 [2]. Group 2: Shareholder Impact - The aggregation of shares will involve rounding down for shareholders with excess shares, and an issuing agent will be used for the sale of B shares corresponding to the fractions resulting from rounding down [3]. - Allocation of new shares to shareholder and nominee accounts will be done automatically, with excess shares being transferred to the issuing agent for sale [3]. - Compensation for fractions will be provided to shareholders by the issuing agent or Euroclear, and excess shares that do not entitle holders to new shares will be cancelled [3]. Group 3: Future Communications - A separate press release will be issued once the Board of Directors determines the record date for the reverse share split [4].
Fingerprint Cards AB (publ) publishes interim report for January – June 2025
GlobeNewswire News Room· 2025-08-14 05:00
Core Insights - The company has reported strong core revenue growth, with a 40% increase in Q2 2025 and a 66% increase for the first half of the year compared to the same period in 2024, driven by high demand for biometric authentication solutions [5][6][12] - The gross margin remained robust at 48.1% in Q2 and 53.0% for the first half, significantly higher than previous levels in exited Mobile and PC businesses [6][8] - The company is focused on cash flow positivity while making targeted investments for long-term growth, supported by a leaner cost structure and reduced headcount by 59% compared to Q2 2024 [8][9] Financial Performance - Revenue for Q2 2025 amounted to SEK 15.7 million, up from SEK 11.2 million in the previous year, while total revenue for the first half reached SEK 33.9 million, compared to SEK 20.4 million [6][5] - EBITDA for Q2 was negative SEK 20.3 million, an improvement from negative SEK 57.6 million year-over-year, while adjusted EBITDA also reflected the same negative figure [6] - Cash flow from operating activities was negative SEK 18.3 million in Q2, showing a slight improvement from negative SEK 20.9 million in the previous year [6] Strategic Initiatives - The company has entered a licensing agreement for PC-related assets with Egis Technology for approximately SEK 24 million, which includes potential royalty payments, aligning with its strategy to monetize existing IP assets [13] - A strategic partnership with Anonybit is evolving, focusing on a cloud-based platform for privacy-first biometric authentication, enhancing market presence [10][11] - The company is expanding its sales capacity and marketing efforts to drive engagement and lead generation, including a new website to support future growth [14] Operational Improvements - The company is modernizing operations by simplifying core processes and adopting AI-based productivity tools to enhance efficiency and scalability [15] - Continued efforts to streamline operations are aimed at reducing operating expenses and strengthening financial flexibility [9] - The addition of experienced board members is expected to accelerate strategic execution across key dimensions, including technology monetization and revenue growth [12]
Fingerprint Cards AB (publ) licenses PC assets to Egis Technology in SEK 24 million deal, with additional royalty upside tied to OEM volumes
Globenewswire· 2025-08-07 13:00
Core Insights - Fingerprint Cards AB (FPC) has entered into an agreement to license certain PC-related assets to Egis Technology for approximately SEK 24 million (USD 2.5 million), with most payment expected in Q3 2025 [1] - The agreement builds on an existing partnership with Egis in the Mobile sector, leveraging Egis' production capabilities and FPC's biometric innovation expertise [2] - CEO Adam Philpott stated that this agreement aligns with FPC's strategy to monetize existing IP assets, strengthen its balance sheet, and support investments in new revenue streams [3] Company Overview - Fingerprint Cards AB (FPC) is a global leader in biometrics, providing solutions that enable secure and convenient authentications across various devices and platforms [5] - The company aims to drive the transition to a passwordless world through its cloud-based identity management platforms, supporting multiple biometric modalities [5]
Fingerprint Cards AB (publ): invitation to the second quarter 2025 results presentation
GlobeNewswire News Room· 2025-08-07 07:00
Group 1 - Fingerprint Cards AB (FPC) will host a telephone conference and webcast presentation of its second quarter 2025 results on August 14, 2025 at 09:00 am CEST [1] - The presentation will be conducted by FPC's CEO Adam Philpott and CFO Fredrik Hedlund in English [1] - Media and analysts can register to attend the telephone conference via a provided link [2] Group 2 - FPC is a global leader in biometrics, offering intelligent edge to cloud biometrics solutions [2] - The company envisions a secure, seamless world where individuals are the key to everything, with solutions trusted by enterprises, fintechs, and OEMs [2] - FPC's cloud-based identity management platforms support multiple biometric modalities, including fingerprints, iris, and facial recognition, driving the transition to a passwordless world [2]
Notice of Extraordinary General Meeting in Fingerprint Cards AB (publ)
Globenewswire· 2025-07-16 10:52
Group 1 - The Extraordinary General Meeting (AGM) of Fingerprint Cards AB is scheduled for August 18, 2025, at 10:00 a.m. in Stockholm [1] - Shareholders can participate in the AGM either in person, through a proxy, or by postal voting [2] - Shareholders must register their shares in their own name by August 8, 2025, to be eligible to participate [3] Group 2 - Shareholders wishing to attend in person or via proxy must notify the company by August 12, 2025 [4] - A proxy form is available on the company's website, and a power of attorney must be provided for proxy voting [5] - Postal voting can be conducted electronically, via email, or by regular mail, with a deadline of August 12, 2025 [6][8][9] Group 3 - The proposed agenda for the AGM includes the election of a Chairman, approval of the voting list, and several resolutions regarding share structure [13][14] - The Board of Directors proposes to revoke a previous resolution regarding a reverse share split due to technical issues [16][17] - A new proposal for a reverse share split is suggested, consolidating 2,000 existing shares into one new share, which will reduce the total number of shares significantly [23] Group 4 - The total number of shares in the company is currently 15,175,375,766, with 15,246,250,766 total votes [31] - The company holds 3,800,000 of its own B-shares [31] - Documentation related to the AGM will be available on the company's website three weeks prior to the meeting [30]
Bulletin from the 2025 Annual General Meeting of Fingerprint Cards AB (publ)
Globenewswire· 2025-06-24 14:45
Core Points - Fingerprint Cards AB held its Annual General Meeting on June 24, 2025, in Stockholm, where several key resolutions were passed [1] Dividend - The Meeting resolved that no dividend be paid [2] Board of Directors and Auditors - The directors of the Board and the managing director were discharged from liability for the period from January 1 to December 31, 2024 [3] - Christian Lagerling and Adam Philpott were re-elected as Board Members, while John Lord and Carl Johan Grandinson were newly elected [3] - Christian Lagerling was re-elected as Chairman of the Board of Directors [3] Board Remuneration - Board remuneration was set at SEK 675,000 for the Chairman and SEK 295,000 for each other Board Member, with no remuneration for employed Board members [4] - The adjusted Board remuneration is expected to result in significant cost savings for the Company [4] Auditors - BDO Mälardalen AB was re-elected as auditor, with Johan Pharmanson as Auditor-in-Charge, until the end of the next Annual General Meeting [5] - Remuneration for auditors will be paid according to approved invoices [5] Remuneration Report - The Meeting approved the Board of Directors' remuneration report for 2024 in accordance with Swedish Companies Act [6] Share Repurchase and Transfer Authorization - The Board was authorized to repurchase up to 10% of the total number of outstanding class B shares until the next Annual General Meeting [7] - The Board was also authorized to transfer class B shares, deviating from shareholders' preferential rights [7] Amendment of Articles and Reverse Share Split - The Meeting approved amendments to the articles of association to enable a reverse share split, consolidating 2,000 existing shares into one [8] - Post-split, the number of shares will decrease from 15,175,375,766 to 7,587,687 shares, and votes will decrease from 15,246,250,766 to 7,623,120 [8] - The Board was authorized to determine the record date for the reverse share split [8] New Share Issue Authorization - The Board was authorized to issue new class B shares, warrants, and/or convertibles up to 20% of the total number of outstanding shares until the next Annual General Meeting [11] Long-term Incentive Programs - The Meeting approved an Employee Stock Option Program 2025/2028, allowing for the issuance of up to 265,595 options for B-shares [12] - The program allows subscription for B-shares at a price corresponding to 150% of the volume-weighted average price during the first ten trading days following the record date for the reverse share split [12] - A separate Employee Stock Option Program 2025/2029 was also approved for the Board, allowing for up to 113,815 options [13]
Notice to attend the 2025 Annual General Meeting of Fingerprint Cards AB (publ)
Globenewswire· 2025-05-21 14:00
Core Points - The Annual General Meeting (AGM) of Fingerprint Cards AB is scheduled for June 24, 2025, at 3:00 p.m. in Stockholm [1] - Shareholders can participate in the AGM either in person, through a proxy, or by postal voting [2] - Shareholders must register their shares in their own name by June 13, 2025, to be eligible to participate [3] Participation Rights - Shareholders must notify the company of their intention to attend the AGM by June 17, 2025 [4] - Notification can be done via the company's website, telephone, email, or mail [4] - A proxy form is available on the company's website for those wishing to participate via proxy [5] Voting Procedures - Shareholders wishing to vote by post must be registered in the shareholder register by June 13, 2025, and notify the company by June 17, 2025 [7] - Voting can be done electronically, via email, or regular mail [8][9] - Votes submitted after June 17, 2025, will be disregarded [10] Agenda Items - The AGM will address several key items including the presentation of the Annual Report, election of the Board of Directors, and approval of the remuneration report [13][18] - The Board proposes a reverse share split of 1:2,000, which will reduce the number of shares significantly [40] - The Board also proposes an Employee Stock Option Program for 2025/2028, aimed at enhancing employee retention and performance [47][48] Financial Proposals - The Nomination Committee proposes that the total fees for Board members remain unchanged at SEK 1,560,000 [20] - The Board proposes to authorize the repurchase of up to 10% of Class B shares and the issuance of new shares up to 20% of outstanding shares [34][43] - The estimated costs for the Employee Stock Option Program 2025/2028 are approximately SEK 5.4 million, with a marginal effect on earnings per share [53][58] Shareholder Proposals - Shareholders have proposed an Employee Stock Option Program for the Board for 2025/2029, which includes a maximum of 227,630,636 options [63][66] - The proposed program aims to align the interests of the Board with those of the shareholders [64]
The Board of Directors of Fingerprint Cards AB (publ) proposes a reverse share split of ordinary shares
Globenewswire· 2025-05-21 13:55
Core Viewpoint - Fingerprint Cards AB (FPC) is proposing a reverse share split at a ratio of 2,000:1 to enhance its share structure and support sustainable growth initiatives [1][2][3]. Share Split Details - The reverse share split will convert every 2,000 existing shares into 1 new share, maintaining all class-specific rights and characteristics [1][3]. - Post-split, the total number of shares will decrease from 15,175,375,766 to 7,587,687, with the quota value per share estimated at approximately 21.353477 SEK [3]. Shareholder Considerations - The company will provide shares free of charge to shareholders whose holdings are not evenly divisible by 2,000, with a maximum of 520,000 Class B treasury shares to be distributed, valued at no more than SEK 5,200 [4]. Company Background - Fingerprint Cards AB is recognized as a leading biometrics company, with its solutions integrated into numerous devices and applications, facilitating secure identification and authentication [5].