Fingerprint Cards Q Results

Transcription

1 Fingerprint Cards Q Results May 21, 2015

2 Q1 Summary

3 Key numbers from Q results Revenues Margins & profitability Market development Revenue of SEK 140 million, an increase of 33% q o q and an increase of 660% y o y Adjusted Gross Profit: SEK 50 million (SEK 9 million) Gross profit: SEK 37 million (SEK 4 million) EBITDA: SEK 7 million (SEK 22 million) EPS: loss of SEK 0.32 (loss of SEK 0.46) Accelerated growth in adoption of touch fingerprint sensors amongst OEMs LeTV announced LeTV Max using FPC1025 Newman announced Newman Button using FPC1020 Yulong launched Coolpad Tiptop Pro using FPC1025 Oppo launched R7 Plus with FPC1025

4 Q Results vs. guidance Revenue Q1 15 Guidance (1) Approximately same as Q (105 million SEK) Q1 15 Results SEK 140 million 1. Guidance as of 26/2/2015 Orders received during the last part of Q resulted in higher revenues than the guidance provided in the year end report for 2014 Cash flow from operating activities positive during first quarter, thanks to sharp increase in revenues, prepayments from customers regarding deliveries to be made during second quarter, and lower increase in operating expenditure

5 Financial outlook

6 Q Guidance Q Outlook Revenue Q Operating result Q Revenues to amount to at least SEK 340 million Positive result expected Large share of orders backlog of SEK 364 million expected to generate revenues during Q2

7 2015 guidance Previous 2015 Guidance Current 2015 Guidance Revenue Exceed 1000 (1) Exceed 1500 million (2) Operating result Positive result expected 1. Guidance as of 24/10/ Guidance as of 18/5/2015 Based on our leading technology and broad portfolio our assessment is that we will capture a major part of the fast market growth we are now witnessing, and we therefore raise our revenue guidance for 2015 from will exceed MSEK to will exceed MSEK Positive operating result expected during 2015 No need for further capital injection foreseen

8 Business update

9 Recent market development Surge in interest from major OEMs to integrate touch fingerprint sensors in devices during 2015 Demand driven by compelling use cases, especially mobile payments

10 Fast adoption of FPC touch fingerprint sensors OEMs with FPC touch fingerprint sensors to date HTC, Huawei, Oppo, Newman, LeTV, Yulong/Coolpad Orders received for volume deliveries of entire FPC touch fingerprint sensor portfolio FPC1020, FPC1025, FPC1145, FPC1155, FPC1035

11 Product announcements FPC1140, FPC1145, FPC1022 and FPC1035 introduced Smallest touch fingerprint sensors introduced to date Major breakthrough in biometric performance for small touch fingerprint sensors Mass production in Q2 2015

12 Financial results

13 Quarterly financial development 2015 Q1 Revenue (SEK M) Adj. gross margin (%) % 47.0% 46.0% 44.2% 36.1% Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Cash and cash equivalents (SEK M) Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 EPS after dilution(sek) Q1'14 Q2'14 Q3'14 Q4'14 Q1' Q1'14 Q2'14 Q3'14 Q4'14 Q1'

14 Highlights Mar 31, 2014 Jun 3o, 2014 Sep 30, 2014 Dec 31, 2015 Mar 31, 2015 Change in cash and cash Equivalents (SEK Millions) Average number of employees Average number of employees + consultants Orders booked (SEK M) Q1'14 Q2'14 Q3'14 Q4'14 Q1'15

15 Financial statements

16 Income statement Q Income statement

17 Balance sheet Q Balance sheet (SEKm) 31 Mar 31 Mar 31 Dec Assets Intangible fixed assets Tangible fixed assets Financial fixed assets Total fixed assets Inventories Accounts receivables Other receivables Prepaid expenses and accrued income Cash and cash equivalents Total current assets Total assets Shareholders'equity and liabilities Shareholders' equity Non-current liabilities Accounts payable Other liabiltiies Accrued expenses and deferred income Total shareholders' equity and liabilities Pledged assets Contingent liabilities None None None

18 Cash flow statement Q Cash flow statement

19 Q&A