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Fingerprint Cards' revenues in Q1 2020 impacted by COVID-19 effect.

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NORDIC BUSINESS REPORT-May 4, 2020-Fingerprint Cards' revenues in Q1 2020 impacted by COVID-19 effect

(C)2020 M2 COMMUNICATIONS http://www.m2.com

Biometrics company Fingerprint Cards AB (STO:FINGB) reported on Friday a loss of SEK3.5m, or SEK0.01 per share, for the first quarter of 2020.

This was flat as compared with a net loss of SEK3.5m, or loss of SEK0.01 per share in the first quarter of 2019.

Revenues for the quarter amounted to SEK310.0m, down by 10% as compared with SEK342.9m in the same period a year ago.

According to the company, revenues in the first quarter of 2020 were negatively affected by supply chain challenges in Asia, mainly in the form of capacity constraints among subcontractors and restrictions to goods transportation as a result of the COVID-19 outbreak. Fingerprint Cards expects the effects of inadequate access to production capacity among the major semiconductor manufacturers to persist moving forward. However, the situation has improved...

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