Sweden · Delayed Price · Currency is SEK Fingerprint Cards AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 4% revenue growth (21% in constant currency) and a 62.3% gross margin, driven by the AllKey product shift and new customer wins. The merger with Precise Biometrics is set to deliver SEK 45 million in annual cost synergies and double-digit EBITDA margins.
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The merger combines complementary biometric software and hardware capabilities, creating a global leader positioned for profitable growth, industry consolidation, and innovation in AI-driven security. Cost synergies of at least SEK 45 million are targeted, with full benefits expected by 2027.
Fiscal Year 2025
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Q4 revenue was stable in constant currency, with full-year growth of 30% (40% in constant currency). Allkey and Allkey Ultra are driving a shift toward higher-value products, supported by strong gross margins and a growing pipeline of new and existing customers.
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Core revenue grew 35% year-over-year in Q3 and 53% year-to-date, with strong gross margins and improved EBITDA. Asset monetization and new product launches diversified revenue, while operational discipline and AI adoption supported cost control. Positive EBITDA and recurring SaaS revenue are targeted for the coming year.
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Core revenue grew 40% year-over-year in Q2 and 66% for the first half, with gross margin at 48.1% for Q2 and 53% for the half. Asset monetization and new product launches strengthened the balance sheet and future growth prospects.
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Core business revenue doubled year-over-year, with strong gross margins and positive EBITDA driven by asset monetization. Discontinued operations are nearly phased out, and the company is focused on accelerating growth, expanding sales capacity, and launching new software revenue streams.
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Management is executing a transformation plan focused on expanding from biometrics into cybersecurity, leveraging cloud partnerships and a robust patent portfolio. Selective partnerships and product innovation are driving growth, with a rights issue supporting the path to positive cash flow.
Fiscal Year 2024
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Transformation efforts have driven a dramatic rise in gross margin and core business growth, while headcount and costs have been sharply reduced. Strategic partnerships and new products are expanding capabilities in both edge and cloud biometrics, with a strengthened balance sheet following a SEK 115 million rights issue.
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Revenue declined year-over-year due to exits from mobile and PC, but gross margin improved and the company is now debt-free. Access segment showed strong sequential growth, while payment market adoption remains slow. Cost reductions and a focus on value-driven markets are expected to further improve margins.
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Core business revenue grew 10.5% year-over-year, driven by access and PC segments, while total revenue fell 45% due to the mobile exit. Cost reductions, including a 31% headcount cut, improved cash burn and gross margin. Transformation and strategic expansion continue amid market volatility.