Biometric pay, access products disappoint reorganizing FPC


Image Recognition

ARTICLE SOURCE

Second-quarter numbers for biometrics sensor maker Fingerprint Cards show strength in a few areas, including mobile-systems sales and cash flow. Fingerprint Cards reported its January-through-June financial performance, which while mixed, can be better defined as still troubling rather than recovering. This compares to gross profit SEK 132.1 million, SEK -0.12 ($0.012), on revenue of SEK 528.3 million ($51.03 million). Second-quarter cash flow improvement in the quarter was strong enough, in fact, to lift the first six months into the black. Year-over-year cash flow through June 30 was SEK 10.1 million ($980,000), compared to SEK -118.6 million ($11.46 million) over the first half of fiscal 2022.