Fingerprint Cards Sales Soar on Biometric Demand From China
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Fingerprint Cards AB, the Swedish maker of biometric technology whose stock rose 1,600 percent last year, reported a 12-fold surge in fourth-quarter sales fueled by demand from mobile-phone makers in China.
Revenue in the three months ending Dec. 31 jumped to 1.35 billion kronor ($160 million) from 105 million kronor a year earlier, while Fingerprint’s gross margin increased to 46 percent from 32 percent, it said in a statement Thursday. Analysts predicted revenue of 1.32 billion kronor with a margin of 45.6 percent, based on two estimates compiled by Bloomberg.