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Fingerprint Cards Ab (FGRRF)
:FGRRF
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: 0.00%
|Next Earnings Date:Jul 19, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a period of transition with successful debt elimination and cost optimization. However, challenges remain in underperforming segments, particularly in the PC market, leading to strategic exits. While Access shows promising growth, the Payment segment faces slow progression.Company Guidance
During the Q3 2024 earnings call, Fingerprint Cards provided detailed guidance on their ongoing transformation plan, which aims to drive profitable growth. The company reported a slight year-on-year decline in revenue due to its strategic exit from the Mobile business, a decision meant to improve gross margins. They achieved debt-free status by removing a convertible bond and completed a rights issue. Operational expenses, significantly driven by headcount, have been reduced more than 40% since the end of the previous year, with a target to further decrease OpEx to less than SEK 70 million by June 2025. Despite challenges in the PC segment, leading to a planned exit due to untenable margins, the Access business showed sequential growth, with Q3 revenue reaching SEK 18 million. The company emphasized its commitment to enhancing gross margins, which, when adjusted for R&D depreciation, reached 38.7% for the quarter. With cash and cash equivalents at SEK 49 million at the end of Q3, focus remained on expanding into new markets, particularly software-rich areas, while continuing to optimize costs and execute their transformation strategy.Debt-Free Status Achieved
The company has successfully become debt-free by repaying all outstanding convertible bonds, a key goal of the transformation plan.
Significant Cost Optimization
Headcount has been reduced by more than 40% since the end of the previous year, driving down operating expenses.
Growth in Access Segment
Revenue in the Access segment has shown strong sequential growth with SEK 9 million in Q1, SEK 16 million in Q2, and SEK 18 million in Q3.
New Product Launches
Launched new products in Q3, including the AllKey product in Access and SECORA Pay Bio in Payments, indicating ongoing innovation.
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FGRRF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FGRRF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $0.01 | $0.01 | 0.00% |
| May 07, 2024 | $0.02 | $0.02 | 0.00% |
| Feb 08, 2024 | $0.03 | $0.03 | 0.00% |
| Oct 19, 2023 | $0.03 | $0.03 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Fingerprint Cards Ab (FGRRF) report earnings?
Fingerprint Cards Ab (FGRRF) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Fingerprint Cards Ab (FGRRF) earnings time?
Fingerprint Cards Ab (FGRRF) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FGRRF EPS forecast?
Currently, no data Available
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