Fingerprint Cards

Research note


Fingerprint Cards now counts Samsung as a customer

Fingerprint Cards today announces that its FPC1025 fingerprint sensor is included in Samsung's new Notebook 9 PC line. We have expected FPC to eventually win some business at Samsung and today's announcement is a good start. The mobile and PC divisions of Samsung are separate, and FPC has not yet announced any business with Samsung's mobile division.

We do not expect high volumes of unit shipments for PC and PC peripherals in 2017, nevertheless it is an important milestone for FPC. PC's have a longer product life cycle which means that a PC model will generate revenues for a longer period than a smartphone model. Additionally, the addition of Samsung's PC division as a customer should ease the market's worries over the patent situation and FPC's high dependency on the smartphone segment.

We have previously pointed out a deal with Samsung as a catalyst for the share and the market's reaction is positive.

We will come back with an extended update within short in which we discuss the profit warning, FPC's future prospects and present our new financial estimates.

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