Q&A regarding Fingerprints’ information disclosure and product launches
Q: Do you announce the launch of all products that contain one of your products?
A: In cases where the end customer has given us permission to announce that one of our products is an integrated component in their products, we always announce our involvement through our own channels. Depending on the scope of the product launch, we do this either in the form of a news update on our website or by publishing a press release.
Q: Why have you chosen not to announce information in advance when new products containing your sensors are set to be launched in the market?
A: It is always at the discretion of our end customers, such as Huawei, Google or OPPO to name a few of our customers, when they choose to announce the launch of their products and how they wish to communicate this in connection with the launch.
Q: Why wait so long before confirming that one of Fingerprint Cards’ products is included as a component in a product? A simple yes or no would confirm this.
A: It is always at the discretion of our end customers when they choose to announce the launch of their products and how they wish to communicate this in connection with the launch. In practice, this means that even if one of our sensors is integrated in a certain product, we do not always have the permission of the customer in question to confirm this.
In cases where we have the opportunity to confirm our involvement, we communicate this information as soon as possible through our own channels, either in the form of a press release or a news update on our website. Some customers prefer to first have the launch event and then allow their partners to communicate their involvement in the product.
This explains the delay that occurs sometimes, for example, between the official launch of a new telephone model and our announcement that our products are installed in the phone.
Q: Why does Fingerprint Cards choose not to comment on articles in the media?
A: Future trends in the biometrics industry are a hot topic of discussion. It is the duty of the mass media to examine, provide information and comment on society and industry. Just like other major listed companies, Fingerprint Cards is often the subject of these investigative reports, analyses and comments.
We respect the duties of the mass media and therefore choose to refrain from commenting on individual articles. Furthermore, we do not comment on rumors, speculation or share analyses.
Our goal is however to maintain long-term and solid media relationships by providing the media and external stakeholders with accurate information regarding the company. We also endeavor to continuously raise awareness of the biometrics industry by disseminating our knowledge.
Q: Why do you refrain from commenting on the latest updates and comments of share analysts?
A: It is up to the players in the stock market to assess and comment on the company and share. Hence, Fingerprint Cards does not comment on individual analyses or the price of its share.
Q: Why have you stopped providing quarterly forecasts? Is the aim to reduce transparency in your business?
A: Our market is growing rapidly and it is a major challenge to provide precise revenue forecasts in the short term. Accordingly, we only provide a full-year forecast.