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Fingerprint Cards (SE:FING.B)
:FING.B
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Fingerprint Cards (FING.B) AI Stock Analysis

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Fingerprint Cards

(OTC:FING.B)

Rating:42Neutral
Price Target:
kr0.00
▼(-100.00%Downside)
The stock is primarily weighed down by poor financial performance and unattractive valuation. Technical indicators show bearish trends, adding to the negative outlook. The earnings call provided some positive insights into revenue growth and strategic shifts, but these are overshadowed by persistent financial challenges and negative cash flow.

Fingerprint Cards (FING.B) vs. iShares MSCI Sweden ETF (EWD)

Fingerprint Cards Business Overview & Revenue Model

Company DescriptionFingerprint Cards (FING.B) is a global leader in biometric solutions, specializing in the development and distribution of fingerprint recognition technologies. The company operates primarily in the consumer electronics sector, providing secure and convenient authentication solutions for smartphones, tablets, and other electronic devices. Its core products include fingerprint sensors, biometric software, and algorithms, which are integrated into a wide range of applications.
How the Company Makes MoneyFingerprint Cards makes money through the sale of its biometric solutions, primarily fingerprint sensors, to original equipment manufacturers (OEMs) in the consumer electronics industry. These products are embedded into devices such as smartphones, tablets, and laptops, enabling secure user authentication. The company's revenue model is largely based on selling these components in bulk to technology manufacturers. Additionally, Fingerprint Cards generates income through licensing its proprietary biometric software and algorithms to other companies seeking to enhance their products with advanced biometric capabilities. Strategic partnerships with major technology firms and manufacturers also contribute to its revenue, as these collaborations often lead to increased adoption of its technologies.

Fingerprint Cards Earnings Call Summary

Earnings Call Date:Apr 29, 2025
(Q1-2025)
|
% Change Since: -37.50%|
Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment Neutral
The earnings call highlights significant progress in revenue and margin improvements, strategic partnerships, and operational efficiency. However, challenges remain with negative cash flow and ongoing turnaround efforts. The transition to focusing solely on the core business is a positive strategic shift.
Q1-2025 Updates
Positive Updates
Doubling of Core Business Revenue
Core business revenue doubled from SEK 9.1 million in Q1 2024 to SEK 18.2 million in Q1 2025, reflecting a 100% increase.
Strong Gross Margin
Maintained a healthy gross margin of 56.6%, indicating successful entry into more profitable markets.
Positive EBITDA with Smart Eye Deal
Achieved a positive EBITDA of SEK 10.7 million, supported by a SEK 30 million deal with Smart Eye.
Significant Headcount Reduction
Reduced headcount by 70% year-over-year, aligning with the company's cost structure.
Launch of Decentralized Biometric Authentication
Announced a partnership with Anonybit for a decentralized biometric authentication platform integrated with PingOne.
Transition to Core Focus
Mobile and PC classified as discontinued operations, allowing a clearer focus on core business growth.
Negative Updates
Negative Free Cash Flow
Free cash flow was negative SEK 36.4 million, with SEK 22 million due to discontinued operations.
Underlying Negative EBITDA
Despite the Smart Eye deal, underlying EBITDA remains negative, highlighting ongoing turnaround challenges.
Discontinued Operations Impact
Discontinued operations, including Mobile and PC, continued to have a financial impact, contributing to negative cash flow.
Company Guidance
In the recent earnings call for FPC, the company reported a significant year-over-year revenue growth of 100%, with revenues rising from SEK 9.1 million in Q1 2024 to SEK 18.2 million in Q1 2025. The gross margin remained robust at 56.6%, underscoring the company's successful strategic shift towards more profitable markets. The EBITDA performance appeared strong at SEK 10.7 million, bolstered by a lucrative Smart Eye deal, although it remained negative when excluding this deal. The company continues to strive for positive cash flow, with free cash flow recorded at negative SEK 36.4 million, attributed mainly to discontinued operations. Additionally, headcount was reduced by 70% year-over-year, aligning with the company's cost management efforts and transformation strategy. FPC is also refining its reporting by classifying Mobile and PC as discontinued operations, offering a clearer view of its core business performance.

Fingerprint Cards Financial Statement Overview

Summary
Fingerprint Cards is facing significant financial challenges, with declining revenues, negative profit margins, and persistent losses. Despite a strong equity ratio and low debt, the company's ability to generate positive cash flow is concerning, indicating weak overall financial health.
Income Statement
35
Negative
The company has experienced a significant decline in revenue over recent years, with a TTM revenue of $275 million compared to $861.8 million in 2022 and $1.36 billion in 2021. Gross profit margin decreased from 29.3% in 2021 to 14.4% in the TTM period, indicating declining profitability. Net profit margin is negative, reflecting ongoing losses. The EBIT and EBITDA margins are also negative, pointing to operational challenges.
Balance Sheet
50
Neutral
The company maintains a relatively strong equity position, with a stockholders' equity of $330.5 million against total assets of $385.1 million in the TTM period, resulting in an equity ratio of 85.8%. However, the return on equity is negative due to significant net losses. The debt-to-equity ratio is low, indicating modest leverage, but the overall financial health is affected by declining asset base and equity.
Cash Flow
40
Negative
Operating cash flow remains negative, with a TTM value of -$127.9 million, highlighting cash management challenges. Free cash flow is also negative, with no signs of improvement, as seen in the TTM free cash flow of -$107 million. The free cash flow to net income ratio is unfavorable, indicating poor cash generation relative to net losses.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue403.20M705.40M861.80M1.36B1.26B
Gross Profit45.60M89.60M166.40M396.90M275.20M
EBITDA-519.70M-280.40M-573.90M45.00M-318.60M
Net Income-688.30M-339.80M-586.00M100.00K-340.80M
Balance Sheet
Total Assets425.00M1.08B1.45B1.80B1.58B
Cash, Cash Equivalents and Short-Term Investments12.10M109.90M274.10M374.30M377.00M
Total Debt20.40M107.50M317.30M315.50M22.60M
Total Liabilities148.40M392.00M579.00M771.80M392.20M
Stockholders Equity276.60M691.60M866.50M1.03B1.18B
Cash Flow
Free Cash Flow-207.60M-135.60M-438.70M-65.40M39.00M
Operating Cash Flow-207.60M-88.30M-334.10M24.30M158.10M
Investing Cash Flow-11.60M-46.10M-104.60M-91.00M-119.10M
Financing Cash Flow118.10M-25.70M328.40M58.40M-209.20M

Fingerprint Cards Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.01
Price Trends
50DMA
0.01
Negative
100DMA
0.01
Negative
200DMA
0.02
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
46.09
Neutral
STOCH
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:FING.B, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and below the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.09 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:FING.B.

Fingerprint Cards Peers Comparison

Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
kr1.15B63.5617.99%0.33%37.86%
58
Neutral
$869.09M10.84-16.27%2.50%10.41%-36.05%
46
Neutral
kr238.95M-8.43%9.76%43.58%
43
Neutral
kr258.33M
5303.85%55.59%
42
Neutral
$150.20M-122.05%-62.57%-32.48%
42
Neutral
€62.64M-40.26%-32.95%7.37%
36
Underperform
€5.45M
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:FING.B
Fingerprint Cards
0.01
-0.03
-72.22%
SE:PREC
Precise Biometrics AB
3.17
-2.90
-47.81%
SE:ADVE
Advenica AB
26.70
10.92
69.15%
SE:CYB1
Cyber Security 1 AB
0.01
>-0.01
-33.33%
SE:IRIS
Irisity AB
0.37
-3.15
-89.54%
SE:XINT
Xintela AB
0.39
0.11
41.54%

Fingerprint Cards Corporate Events

Fingerprint Cards Announces Extraordinary General Meeting for August 2025
Jul 16, 2025

Fingerprint Cards AB has announced an Extraordinary General Meeting (EGM) scheduled for August 18, 2025, allowing shareholders to participate in person, via proxy, or through postal voting. This meeting is significant for stakeholders as it provides an opportunity for shareholders to exercise their voting rights and influence company decisions, reflecting the company’s commitment to shareholder engagement and governance transparency.

Fingerprint Cards Revises Reverse Share Split Plan
Jul 16, 2025

Fingerprint Cards AB has announced a revised plan for a reverse share split due to technical issues with the initial proposal. The new approach involves a 1:2,000 share ratio, with excess shares being sold and proceeds distributed to shareholders, ensuring no economic loss. This move is intended to streamline the company’s share structure and support future growth initiatives.

Fingerprint Cards AB Announces Reverse Share Split
Jul 3, 2025

Fingerprint Cards AB announced a reverse share split, consolidating 2,000 existing shares into one new share, effective July 11, 2025. This move will significantly reduce the total number of shares and votes, impacting the share price and ISIN code, with shareholders receiving adjusted shares automatically.

Fingerprint Cards Strengthens Board with Strategic Appointments
Jun 26, 2025

Fingerprint Cards AB has appointed John Lord and Carl Johan Grandinson as new board members to drive strategic growth and innovation. Their expertise in global markets and technology will enhance FPC’s capabilities in expanding biometric solutions and secure access technologies, reinforcing the company’s commitment to operational excellence and long-term value creation.

Fingerprint Cards AB Announces Key Resolutions at 2025 AGM
Jun 24, 2025

At the 2025 Annual General Meeting, Fingerprint Cards AB resolved several key issues including the decision not to pay dividends and the re-election of board members. The company also approved a reverse share split, authorized the board to manage treasury shares, and established long-term incentive programs for employees and board members, reflecting strategic moves to optimize financial structure and incentivize stakeholders.

Fingerprint Cards Powers New Biometric Access Card by Fuse Identities
Jun 24, 2025

Fingerprint Cards AB announced that Fuse Identities has launched a new biometric physical access card featuring FPC’s advanced T-Shape sensor. This card, compatible with major access technologies, enhances security and privacy by storing biometric data on the card itself. It targets critical infrastructure, enterprise, and temporary identity markets, reflecting the growing adoption of biometric solutions.

Fingerprint Cards Partners with LEGIC to Enhance Biometric Security
Jun 2, 2025

Fingerprint Cards AB has announced a strategic partnership with LEGIC Identsystems AG to integrate its biometric technology into LEGIC’s secure access solutions. This collaboration aims to enhance security and convenience across various sectors by providing robust, unique biometric authentication. The partnership is expected to leverage LEGIC’s extensive network to expand FPC’s reach in the security industry, offering enhanced security and user experience in new products and solutions.

Fingerprint Cards AB Announces 2025 Annual General Meeting
May 21, 2025

Fingerprint Cards AB has announced its 2025 Annual General Meeting, scheduled for June 24, 2025, in Stockholm, allowing shareholders to participate in person, via proxy, or through postal voting. This meeting is significant for stakeholders as it provides an opportunity to engage with the company’s governance and influence decision-making processes.

Fingerprint Cards Proposes Reverse Share Split to Enhance Growth
May 21, 2025

Fingerprint Cards AB has proposed a reverse share split at a ratio of 2,000:1 for its Class A and Class B shares, aiming to optimize the number of shares and support sustainable growth. This move reflects the company’s strategic efforts to strengthen its financial position and is deemed cost-efficient, ensuring shareholders hold a whole number of new shares post-split.

Mantra Softech Extends FPC Iris Technology License for Global Expansion
Apr 28, 2025

Fingerprint Cards AB has announced that Mantra Softech has extended its license for FPC’s iris recognition technology, aiming to strengthen its position in India and expand into emerging markets. This extension will allow Mantra to incorporate FPC’s advanced technology into various applications, including government ID systems, banking, and healthcare, enhancing security and convenience for users globally.

Fingerprint Cards Extends Iris Technology Licence with Mantra Softech for Market Expansion
Apr 28, 2025

Fingerprint Cards AB has extended its partnership with Mantra Softech, allowing Mantra to use FPC’s advanced iris recognition technology to expand into new markets. This strategic move will enhance Mantra’s product offerings in various sectors, including government ID systems, banking, healthcare, and border control, thereby strengthening their market position and supporting global expansion efforts.

Mantra Softech Expands with FPC Iris Technology License Extension
Apr 28, 2025

Fingerprint Cards AB has announced that Mantra Softech has extended its license for FPC’s iris recognition software, aiming to strengthen its position in the Indian market and expand into new markets. This extension allows Mantra to integrate advanced iris technology into their security solutions for various applications, including government ID systems and banking security, enhancing their market reach and innovation capabilities.

Mantra Softech Expands Market Reach with Extended FPC Iris Technology License
Apr 28, 2025

Fingerprint Cards AB (FPC) has announced that Mantra Softech India Private Limited has extended its license for FPC’s iris recognition software, aiming to strengthen its position in the Indian market and expand into emerging markets. This extension will allow Mantra to integrate advanced iris recognition technology into various sectors such as banking, healthcare, and government ID systems, enhancing security and convenience for users. The collaboration underscores FPC’s success in providing global biometric solutions and supports Mantra’s mission to deliver secure identity solutions worldwide.

Mantra Softech Expands Market Reach with Extended FPC Iris Technology License
Apr 28, 2025

Fingerprint Cards AB (FPC) announced that Mantra Softech has extended its license for FPC’s iris recognition software, aiming to enhance its position in the Indian market and expand into emerging markets. This extension allows Mantra to integrate FPC’s advanced iris technology into various applications, including government programs, banking, and border control, supporting their mission to provide secure and seamless identity solutions globally. The collaboration underscores FPC’s success in offering multi-modal biometric solutions and Mantra’s commitment to innovation and excellence in biometrics.

Mantra Softech Extends FPC Iris Technology License for Market Expansion
Apr 28, 2025

Fingerprint Cards AB (FPC) announced that Mantra Softech has extended its license for FPC’s iris recognition software, aiming to strengthen its position in the Indian market and expand into emerging markets. This extension will allow Mantra to integrate advanced iris recognition technology into various applications, enhancing security and convenience in sectors such as government ID systems, banking, healthcare, and border control. The collaboration underscores FPC’s success in providing biometric solutions globally, while enabling Mantra to deliver secure identity solutions worldwide.

Mantra Softech Expands Market Reach with Extended FPC Iris Technology License
Apr 28, 2025

Fingerprint Cards AB has announced that Mantra Softech India Private Limited has extended its license for FPC’s iris recognition software, aiming to strengthen its position in the Indian market and expand into emerging markets. This extension allows Mantra to incorporate FPC’s advanced iris technology into more devices, supporting applications such as government ID systems, banking, healthcare, and border control. The collaboration underscores FPC’s success in providing multi-modal biometric solutions globally and highlights Mantra’s commitment to innovation and excellence in delivering secure identity solutions.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 17, 2025