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Fingerprint Cards (FGRRF)
OTHER OTC:FGRRF
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: 0.00%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive trajectory for Fingerprint Cards, with significant improvements in gross margins and core business growth, complemented by strategic partnerships and cost reductions. However, ongoing challenges such as negative cash flow and the transition from low-profit segments present obstacles that require ongoing management.Company Guidance
In the Fingerprint Cards Q4 2024 earnings call, CEO Adam Philpott and CFO Fredrik Hedlund reported significant improvements, highlighting a gross margin increase to 49.8%, up from 17.9% a year ago, reflecting the success of their transformation plan. The core business, excluding mobile and PC sectors, which the company is exiting, saw a 12% year-over-year revenue growth, with a notable 53% increase from the previous quarter. Headcount was reduced by 62% year-on-year, from 185 to 71 employees, contributing to cost management efforts. Additionally, a rights issue in February 2025 raised SEK115 million, positioning the company debt-free. Strategic partnerships, such as with Anonybit and Smart Eye, are set to expand their offerings in the cloud and edge technologies, further supporting the company's transformation and future growth strategies.Significant Improvement in Gross Margin
Adjusted gross margin increased from 17.9% a year ago to 49.8%, showing a dramatic improvement due to the transformation plan and focus on higher margin markets.
Core Business Growth
Core business revenue, excluding mobile and PC segments, increased by 12% year-on-year and 53% quarter-on-quarter.
Successful Cost Reduction
Headcount reduced by 62% year-on-year, from 185 to 71, contributing to lower operating expenses and better fiscal discipline.
Debt-Free Status Achieved
Raised SEK115 million through a rights issue in February 2025, leading to a debt-free balance sheet.
Promising Strategic Partnerships
Notable partnerships with Anonybit for cloud solutions and Smart Eye for automotive biometrics expand market reach and capabilities.
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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 |
|---|---|---|---|
| Feb 08, 2024 | $0.01 | $0.01 | 0.00% |
| Oct 19, 2023 | $0.01 | $0.01 | 0.00% |
| Jul 20, 2023 | $0.04 | $0.04 | 0.00% |
| Apr 25, 2023 | $0.05 | $0.04 | -20.00% |
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 (FGRRF) report earnings?
Fingerprint Cards (FGRRF) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is Fingerprint Cards (FGRRF) earnings time?
Fingerprint Cards (FGRRF) earnings time is at Apr 29, 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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