Fingerprint Cards (FPC) reported strong headline figures in its Q3 2025 interim report. Revenue climbed 35% year-over-year to SEK 20.4 million (or 47% in constant currency), while the company’s EBITDA loss was slashed dramatically from SEK 40.8 million in Q3 2024 to just SEK 9.8 million.
However, a closer look at the results shows that this performance is largely driven by the company’s “asset monetization” strategy, not just its core business. FPC reported a very high gross margin of 68.6%. The company’s report and CEO attributed this to a “favorable mix” that included a one-time SEK 4.8 million IP licensing deal with Egis Technology. This single, non-recurring deal accounted for over 23% of the quarter’s total revenue.
This data indicates FPC is in a “leaner” transitional phase. The company is actively exiting its legacy mobile and PC businesses. The Egis deal, which was for “PC-related assets,” is an example of FPC selling off this legacy IP to generate high-margin cash. This cash is now being used to fund the company’s pivot as it races to build sustainable, recurring revenue in new growth areas.
The strategic shift represents a dramatic change from FPC’s earlier focus on smartphone fingerprint sensors, where the company saw integrations in multiple mobile devices and in-display sensor technology. The company has been expanding into new markets, including biometric payment cards — where its T-Shape sensor has been integrated into multiple solutions — and PC applications for device authentication.
The company has also explored FIDO2 security key applications and biometric smart cards as part of its diversification strategy away from the crowded mobile fingerprint biometrics market. With major payment card deployments like the JCB Biometrics Card pilot, FPC is positioning itself in high-value authentication markets that promise better margins than commodity mobile sensors.
Sources: Fingerprint Cards — Egis licensing deal; Interim Report January–September 2025 (press notice)
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By the ID Tech Editorial Team
