FPC to Issue Early Q1 Update Amid COVID-19 Disruption

Fingerprint Cards has bumped up the publication date of its Q1 2020 interim report; whereas previously it was scheduled to be published on May 14th, the biometrics specialist is now looking to issue the report on Monday, May 4th.

In a statement announcing the change, the company suggested that it was seeking to get important information out for stakeholders to reflect the impact of the COVID-19 pandemic. “The company has done its utmost to speed up reporting routines this quarter in order to meet the market’s need for up-to-date information in light of the exceptional state of the world economy,” FPC said.

As with so many other companies, the pandemic’s effects on FPC’s business are not likely to be positive. Much of Fingerprint Cards’ business revolves around the provision of fingerprint sensors to the mobile market; a report from ABI Research this week suggested that smartphone production could fall by 30 percent in the first half of this year as a result of the pandemic’s disruption.

That having been said, Fingerprint Cards has also made strong efforts to expand into new business areas in recent years, with the company’s CEO having emphasized the opportunities in areas like biometric payment cards in FPC’s Q4 2019 update issued in February. Those efforts may help the company to weather the storm of COVID-19 as it shakes the mobile industry and the global economy more broadly.

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March 27, 2020 – by Alex Perala