STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Fingerprint Cards AB (publ)(STO:FINGB), corp. reg. no. 556154-2381, (FPC)
Third quarter 2011:
- Sales rose to SEK 20.2 M (17.6).
- Gross profit totaled SEK 11.9 M (8.9).
- Profit after financial items increased to SEK 4.3 M (3.7).
- Gross margin rose to 59% (51%).
- Earnings per share increased to SEK 0.10 (0.09).
- First commercial order for the swipe sensor was secured. HST ordered 50,000 units.
- Serial System Ltd was appointed as a new distributor for India plus six countries in Southeast Asia. Initial orders were worth SEK 3.6 M.
- Serial Korea appointed as a new distributor in Korea. Initial orders totaled SEK 5.2 M.
- Orders from HST exceeded SEK 20 M.
- Eplus was appointed as a parallel distributor in Korea.
Interim report for the period January – September 2011
- Sales increased to SEK 50.0 M (42.7).
- Gross profit for the interim period rose to SEK 29.1 M (21.7).
- Profit after financial items increased to SEK 2.4 M (1.0).
- Gross margin increased to 58% (51%).
- Earnings per share advanced to SEK 0.07 (0.03).
- Cash and cash equivalents totaled SEK 27.4 M (32.9) at period-end.
- The order backlog was SEK 24.4 M (11.3) at period-end.
- The forecast for the fourth quarter is for sales of SEK 15-25 M, a continuing strong gross margin and favorable prospects for the commercial success of the swipe sensor.
Notable events after the close of the reporting period:
- Notice of the Extraordinary General Meeting on November 17, 2011.
Fingerprint Cards AB (FPC) is listed on Nasdaq OMX Stockholm (FING B) and has its head office in Gothenburg, Sweden. Fingerprint Cards AB (publ) discloses this information pursuant to the Securities Market Act (2007:528) and the Financial Instruments Trading Act (1991:980).The information was issued for publication on October 27, 2011, at 8.05.
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