Highlights of the quarter

SEK 340.6 M in non-cash write-downs, whereof SEK 267.7 M attributable to the Delta ID acquisition.
Volume order for one hundred thousand T-Shape sensor modules from top-three card manufacturer.
Design win from a top-tier global PC manufacturer.

Fourth quarter of 2020

Revenues amounted to SEK 369.4 M (381.4)
The gross margin was 24 percent (23)
EBITDA totaled SEK 32.4 M (13.3)
SEK 340.6 M in non-cash write-downs
The operating result was negative SEK 326.8 M (neg: 15.3)
Earnings per share before dilution were negative SEK 1.02 (neg: 0.06)
Cash flow from operating activities amounted to SEK 46.9 M (82.4)

January – December 2020

Revenues amounted to SEK 1,255.7 M (1,458.6).
The gross margin was 22 percent (23)
EBITDA totaled SEK 59.4 M (128.7)
SEK 340.6 M in non-cash write-downs
The operating result was negative SEK 365.8 M (neg: 14.4)
Earnings per share before dilution were negative SEK 1.10 (neg: 0.04)
Cash flow from operating activities amounted to SEK 158.1 M (160.4)
The Board proposes to the Annual General Meeting that no dividend be paid for the 2020 fiscal year

	Oct-Dec	Oct-Dec		Jan-Dec	Jan-Dec
SEK M	2020	2019	Change	2020	2019	Change
Revenue	369.4	381.4	-3%	1,255.7	1,458.6	-14%
Gross profit	87.4	88.1	-1%	275.2	331.1	-17%
Gross margin %	24	23		22	23
Operating profit	-326.8	-15.3		-365.8	-14.4
Operating margin %	-88	-4		-29	-1
EBITDA	32.4	13.3	143%	59.4	128.7	-54%
Profit/loss before tax	-338.5	-32.5		-381.2	-17.4
Profit/loss for the period	-313.3	-18.6		-340.8	-13.6
Earnings per share before dilution, SEK	-1.02	-0.06		-1.10	-0.04

Cash and cash equivalents	377.0	563.9	-33%	377.0	563.9	-33%
Cash flow from operating activities	46.9	82.4	-43%	158.1	160.4	-1%
Equity/assets ratio, %	75	80		75	80
Average number of employees	237	220	8%	232	209	11%

CEO's comments

In constant currency terms, revenue increased by 7 percent compared to the same period last year. We also increased our revenue compared with the preceding quarter, driven by continued healthy demand for our products, while our access to production capacity among the major semiconductor manufacturers also improved somewhat. A more favorable product mix, with a higher share of new products, contributed to improving the gross margin during the quarter. The result in the quarter was impacted by SEK 340.6 M in non-cash write-downs, whereof SEK 267.7 M is attributable to the acquisition of Delta ID, and the rest to R&D project and patents in the under-display area. Our positive view of the potential in iris recognition is unchanged, but we have made the assessment that future cash flows may be somewhat delayed, partly due to effects related to the corona pandemic. The main reason for the write-downs in under-display is the fact that average selling prices (ASP) have decreased significantly. In other respects, we have an unchanged positive view of the potential in the under-display area.Our underlying operating profit, adjusted for write-downs, was positive and amounted to SEK 14 M. Our liquidity is good, with net cash holdings of SEK 354 M as at December 31, 2020.

During the quarter, we launched the FPC1542, a new, thin capacitive sensor with a curved shape that builds further on our highly successful FPC1540/1541 product. Fingerprints is the market leader for capacitive sensors for smartphones, with a share that represents more than one-third of the global market. The capacitive fingerprint sensor is a proven and popular technology in the mobile industry, largely because of its reliability, performance, and cost efficiency. The fact is that some of Fingerprints' customers once again have a preference for capacitive sensors as opposed to under-display sensors. Our new, thin sensors, designed for side-mounting, are particularly popular.

As we now enter the first quarter of 2021, we foresee continued challenges relating to the prevailing limitations in our supply chain. The geopolitical situation has increased the domestic demand for silicon chips in China, while the need for chips has generally increased due to the accelerating digitalization in the world. We are making progress in our work to secure additional suppliers to obtain the required capacity, both in mainland China and beyond.We have, in common with many external industry analysts, a very positive view of the trend in the market for biometric solutions. 2021 has good potential to be the year when biometrics make serious inroads in at least two new mass markets in which Fingerprints has a strong position: payments and PCs. We recently announced new volume orders in both of these areas: In January 2021, we communicated orders for several hundred thousand sensors from two top-tier PC manufacturers and in late December last year, we announced an order for one hundred thousand sensorsfrom one of the world's three largest card manufacturers. During 2020, a biometric payment card was certified for the first time by both Mastercard and Visa. The card, which features Fingerprint's technology, is supplied by Thales and now enables card issuers to implement major commercial launches of contactless biometric cards. BNP Paribas, one of the world's ten largest banks, began its commercial roll-out of biometric payment cards during the autumn of 2020, and has announced that it aims to offer all of its customers these cards. In a recent survey carried out in France, Germany, the UK, Canada and Australia, more than half of the respondents said that they were prepared to switch banksto gain accessto a biometric card. We are still only in the infancy of development in a uniquely interesting industry of the future, in which Fingerprints will continue to play a leading role.

"A more favorable product mix, with a higher share of new products, contributed to improving the gross margin during the quarter."

Christian Fredrikson, President and CEO

Revenues and operating profit

Revenues

Consolidated revenues for the fourth quarter amounted to SEK 369.4 M (381.4), down 3 percent year-on-year (7-percent increase in constant currency terms) and up 26 percent on the preceding quarter. The demand for our products remained healthy, while our access to production capacity among the major semiconductor manufacturers improved somewhat during the quarter.

Revenues and gross margin, rolling 12 months

Trend in operating profit

Gross profit for the fourth quarter was SEK 87.4 M (88.1) and the gross margin was 24 percent (23). A more favorable product mix, with a higher share of new products, contributed to improving the gross margin during the quarter.

Operating loss for the fourth quarter amounted to SEK 326.8 M (loss: 15.3). The underlying operating profit, adjusted for write-downs, was positive and amounted to SEK 14 M. Operating margin was negative 88 percent (neg: 4). Operating expenses, including write-downs, amounted to SEK 414.2 M (103.4). Development costs of SEK 31.6 M (16.3) were capitalized during the quarter, which corresponds to 66 percent of total development costs, compared with 31 percent for the corresponding quarter of 2019.

EBITDA for the quarter totaled SEK 32.4 M (13.3).

Financial income and expenses Net financial items amounted to an expense of SEK 11.7 M (expense: 17.2). The item pertains primarily to the effect of unrealized changes in exchange rates on currency accounts.

Earnings and earnings per share for the reporting period

Net loss for the fourth quarter of 2020 amounted to SEK 313.3 M (loss: 18.6). Earnings per share for the fourth quarter were negative SEK 1.02 (neg: 0.06).

Cash flow and balance sheet

Cash flow

Cash flow from operating activities amounted to SEK 46.9 M (82.4).

Cash flow from investing activities for the fourth quarter amounted to a negative SEK 33.1 M (neg: 19.1), of which capitalized development expenditure accounted for a negative SEK 31.6 M (neg: 16.3).

Cash flow from financing activities amounted to a negative SEK 76.3 M (neg: 19.7). Buy-back of own shares was made during the quarter for SEK 71.7 M (-); the remaining expense pertained to the amortization of lease liabilities of SEK 4.6 M (19.7) in accordance with IFRS 16 recognition of leased premises.

Exchange-rate fluctuations had a negative impact of SEK 13.3 M (neg: 16.4) on cash and cash equivalents during the quarter. Most of the company's cash holdings consist of USD and the exchange-rate fluctuations are largely a result of a weakening of USD in relation to SEK during the quarter.

Liquidity and shareholders' equity

As at December 31, 2020, the Group's disposable cash and cash equivalents totaled SEK 377.0 M (563.9), and the Group's net cash holdings amounted to SEK 354.4 M (534.2) on the same date. Interest-bearing liabilities consist of lease liabilities for office premises amounting to SEK 22.6 M (29.7), reported according to IFRS 16 starting in 2019. During the fourth quarter 2020, own shares were bought back for SEK 71.7 M (see below under "Share capital trend").

At period-end, consolidated shareholders' equity amounted to SEK 1,182.9 M (1,798.9) and the equity/assets ratio for the Group to 75 percent (80).

Investments, fixed assets and depreciation/amortization

Investments in intangible fixed assets during the quarter amounted to an expense of SEK 32.8 M (expense: 18.7). Investments in tangible fixed assets for the quarter amounted to an expense of SEK 0.3 M (expense: 1.8). Depreciation/amortization according to plan amounted to SEK 18.6 M (28.6). The result in the quarter was impacted by SEK 340.6 M in non-cash writedowns, whereof SEK 267.7 M is attributable to the acquisition of Delta ID, finalized during 2017. The remaining SEK 72.9 M is attributable to R&D project and patents in the underdisplay area. Our positive view of the potential in iris recognition is unchanged, but we have made the assessment that future cash flows may be somewhat delayed, partly due to effects related to the corona pandemic. The main reason for the write-downs in under-display is the fact that average selling prices (ASP) have decreased significantly. In other respects, the company has an unchanged positive view of the potential in the under-display area.

Cash and cash equivalents and cash flow from operating activities, SEK M

Other events during the fourth quarter of 2020

Business Development

During the fourth quarter of 2020, Fingerprints received a volume order for one hundred thousand T-Shape sensor modules from one of the world's three largest card manufacturers. We have already seen a couple of commercial launches of biometric payment cards, which use Fingerprints' technology. This new order indicates that the roll-out of biometric cards is continuing and accelerating. During the quarter, it was also announced that a Swedish bank, Rocker, will conduct a market test of biometric cards during the first quarter of 2021.

FPC1542, a thin capacitive fingerprint sensor with a curved shape, was launched during the quarter.

The second-generation T-Shape® sensor module and software platform for payments, FPC-BEP, passed a quality and security test conducted during the quarter by the Bank Card Test Center (BCTC) in China. Fingerprints and M-Tech Innovations Ltd, a leading Indian manufacturer of smart cards, announced a partnership during the quarter for the launch of contactless biometric payment cards in the Indian market.

Inotherm, Europe's largest manufacturer of aluminum doors, launched a new, intelligent dooropening system under the name Inosmart, with an integrated touch fingerprint sensor from Fingerprints.

During the quarter, the FPC1542 was launched, a new, thin capacitive sensor with a curved shape that builds further on Fingerprints' highly successful product, the FPC1540/1541.

During the quarter, Fingerprints secured a design win from a top-tier global PC manufacturer, with product launch planned for Q1 2021. In January 2021, Fingerprints received orders for several hundred thousand sensors from two leading PC manufacturers.

Significant events during the fourth quarter of 2020

No significant events were reported during the quarter.

Organization and Personnel

The number of employees at December 31, 2020 was 240 (225). In addition to full-time employees, 36 (36) consultants were also used during the fourth quarter, primarily in technology development and sales. Accordingly, including employees and consultants, the company employed a total of 276 (261) people on December 31, 2020.

Share capital trend

The number of shares amounts to 313,967,675, of which 6,000,000 are Class A shares and 307,967,675 are Class B shares. The total number of votes is 367,967,675. On May 27, 2020, it was announced that the Board of Directors, based on the authorization by the Annual General Meeting held on May 26, 2020, had decided to acquire own shares. Own shares were bought back for SEK 71.7 M in the fourth quarter of 2020, at an average price of SEK 16.09 per share. In total, own shares have been bought back for SEK 190.4 M in 2020, at an average price of SEK 15.33 per share. The shares bought back constitute treasury holdings and have been assigned no value in assets or shareholders' equity. The share capital is unchanged at SEK 12,975,667.

Buyback of own shares

	Oct-Dec	Oct-Dec	Jan-Dec	Jan-Dec
SEK M	2020	2019	2020	2019
Number of treasury shares (000s)
Number of buyback shares beginning	7,968	-	-	-
Buyback of shares in period	4,456	-	12,424	-
Number of buyback shares at end of period	12,424	-	12,424	-
Price for buyback shares
Price for buyback shares during period	71.7	-	190.4	-
Average price buyback shares (SEK)	16.09	-	15.33	-

Number of shares

	Oct-Dec 2020	Oct-Dec 2019	Jan-Dec 2020	Jan-Dec 2019	Jan-Dec 2019
Number of shares, (000s)
Number of shares at period end	313,968	313,968	313,968	313,968	313,968
Of which class A-shares	6,000	6,000	6,000	6,000	6,000
Of which class B-shares	307,968	307,968	307,968	307,968	307,968
Number of buyback shares at end of period	-12,424	-	-12,424	-	-
Number of shares outstanding at period end	301,544	313,968	301,544	313,968	313,968
Number of shares outstanding, diluted at period end	301,544	313,968	301,544	313,968	313,968
Average number of shares outstanding (000s)
Average number of buyback shares	-8,231	-	-5,138	-	-
Average number of shares outstanding, basic	305,737	313,968	308,830	313,968	313,968
Average number of shares outstanding, diluted	305,737	313,968	308,830	313,968	313,968

Accounting policies

These condensed consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). The interim report for the Parent Company was prepared in accordance with the Annual Accounts Act, Chapter 9, Interim reports. The application of these accounting policies complies with what is presented in the Annual Report for the fiscal year ending December 31, 2019 and must be read together with the Annual Report. In addition to the financial statements and the associated notes, disclosures according to IAS 34.16A are also presented in other parts of the interim report. No new or revised IFRSs that have become effective in 2020 have had any significant impact on the Group. The Group's reporting currency is SEK and the report is prepared in SEK M.

The Parent Company's operating expenses are reclassified per function in this interim report compared with the interim reports for January-March and January-June 2020. Therefore, this report is not directly comparable in this respect to the interim reports for January-March and January-June 2020.

Related-party transactions

There were no material transactions between the company and related parties in the Group or the Parent Company during the reporting period.

Parent Company

The Parent Company's revenues for the fourth quarter of 2020 amounted to SEK 368.8 M (381.0) and the result after financial items for the period amounted to a loss of SEK 1,028.1 M (loss: 51.5). The loss for the period amounted to SEK 1,005.1 M (loss: 34.7). Due to a transfer of assets between two legal units within the Group, shares in subsidiaries amounting to SEK 431.8 million and internal receivables amounting to SEK 482.2 million have been written down. This transfer of assets has no effect on the Group's earnings or financial position. The Parent Company's disposable cash and cash equivalents at period-end totaled SEK 337.5 M (518.1).

Significant risks and uncertainties – Group and Parent Company

To anticipate risks and minimize their impact, Fingerprints has processes for continuously identifying and managing risks that could impact the operations. This includes probability and consequence assessments of operational risks, market risks, financial risks and legal and other risks.

The described risks and uncertainties are not ranked in any order of significance; nor are they claimed to be the only risks or uncertainties to which the company is exposed. Additional risks and uncertainties that the company is currently unaware of or that are currently not adjudged to be material could develop into factors that might in the future have a material impact on the company's operations, earnings, financial position or future outlook. The following description does not claim to be complete or exact, since risks and their degree of impact vary over time:

Market risks:	Geopolitical instability, Supplier costs, Risk of obsolescence, Economic fluctuations, Currency risk, Loss of customers and price pressure due to increased competition.
Operational risks:	Delivery capacity of suppliers, Competency provision, Loss of key competencies, Reduced technological lead and Information leaks
Financial risks:	Financing risk and Credit risk.
Legal risks:	Product defects and product liability, Patent risk and Corruption.
Other risks:	Epidemics/pandemics, Conflict minerals, Restrictions on planned
	business development, Biometrics and integrity, Scalability internally,
	Discrimination and lack of diversity.

For further information concerning the risks facing the Group, see the 2019 Annual Report, which is available on our website, www.fingerprints.com.

Further information

This is the type of information that Fingerprint Cards AB is obligated to disclose pursuant to the EU's Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person specified below, on February 16, 2021 at 7:00 a.m. CET.

Welcome to Fingerprints' presentation of the results for the fourth quarter of 2020 on February 16 at 9:00 a.m. CET. The presentation will be webcast, and participants can register via the link below.

https://edge.media-server.com/mmc/p/bpmivekk

For media and analysts: The teleconference can be accessed on +44 (0) 2071 928000 (international participants) or 08-506 921 80 (Swedish participants). Please enter the conference ID 6669097.

For further information, please contact Stefan Pettersson, Head of Investor Relations Tel: +46 (0) 101 720 010 [email protected]

www.fingerprints.com/

Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the constituent information in accordance with the rules and regulations prevailing in the particular jurisdiction. This press release does not constitute an offer, or invitation to acquire or subscribe for new securities in Fingerprint Cards AB in any jurisdiction.

Certification

The Board of Directors and the CEO certify that this report provides a fair and accurate review of the operations, financial position and earnings of the Parent Company and the Group and that it describes the significant risks and uncertainties facing the Parent Company and the companies included in the Group.

Gothenburg, February 16, 2021

Johan Carlström	Sofia Bertling	Ted Elvhage
Chairman	Member	Member
Tomas Mikaelsson	Alexander Kotsinas	Dimitrij Titov
Member	Member	Member
Juan Vallejo Member	Christian Fredrikson President and CEO

Review report

This year-end report has not been examined by the company's auditors.

Financial statements and key figures

Condensed consolidated statement of comprehensive income 12
Condensed consolidated statement of financial position 12
Condensed consolidated cash-flow statement 13
The Group's operating segments13
Consolidated statement of income and other comprehensive income for the past nine quarters14
Consolidated statement of financial position for the past nine quarters14
Consolidated cash-flow statement for the past nine quarters15
Fair value and carrying amount of financial liabilities and assets15
Condensed income statement, Parent Company16
Condensed balance sheet, Parent Company16
Key consolidated data 17
Key consolidated figures for the past nine quarters17
Rolling 12-month key figures for the Group for the past nine quarters18

Condensed consolidated statement of comprehensive income

	Oct-Dec	Oct-Dec	Jan-Dec	Jan-Dec
SEK M	2020	2019	2020	2019
Revenue	369.4	381.4	1,255.7	1,458.6
Cost of goods sold	-282.0	-293.3	-980.5	-1,127.5
Gross profit	87.4	88.1	275.2	331.1
Gross Margin, %	2 4	2 3	2 2	2 3
Selling expenses	-35.9	-40.3	-130.4	-147.0
Administrative expenses	-27.1	-27.3	-84.4	-87.0
Development expenditure	-16.3	-37.8	-94.5	-110.7
Other operating income/expenses	-334.9	2.0	-331.7	-0.8
Operating profit/loss	-326.8	-15.3	-365.8	-14.4
Operating Margin, %	-88	- 4	-29	- 1
Finance income/expenses	-11.7	-17.2	-15.4	-3.0
Profit/loss before tax	-338.5	-32.5	-381.2	-17.4
Income tax	25.2	13.9	40.4	3.8
Profit/loss for the period	-313.3	-18.6	-340.8	-13.6
Other comprehensive income	-56.5	-51.0	-84.8	37.0
Total comprehensive income for the period	-369.8	-69.6	-425.6	23.4
Earnings per share for the period
Before dilution, SEK	-1.02	-0.06	-1.10	-0.04
After dilution, SEK	-1.02	-0.06	-1.10	-0.04

Condensed consolidated statement of financial position

	31-Dec	30-Dec
SEK M	2020	2019
Assets
Intangible fixed assets	759.3	1,127.8
Tangible fixed assets	7.0	15.8
Right-of-use assets	24.8	32.9
Financial assets	46.8	18.3
Total fixed assets	837.9	1,194.8
Inventories	136.3	253.4
Accounts receivable	196.2	197.3
Other receivables	15.4	15.4
Prepaid expenses and accrued income	12.2	12.3
Cash and cash equivalents	377.0	563.9
Total current assets	737.2	1,042.3
Total assets	1,575.1	2,237.1
Shareholders' equity and liabilities
Shareholders' equity	1,182.9	1,798.9
Deferred tax liability	20.6	38.6
Long-term lease liabilities	9.8	11.8
Short-term debt of long term lease liabilities	12.8	17.9
Accounts payable	200.7	235.2
Current tax liabilities	2.0	0.8
Other current liabilities	14.9	9.8
Accrued expenses and prepaid income	131.3	124.1
Total current liabilities	361.8	387.8
Total shareholders' equity and liabilities	1,575.1	2,237.1

Condensed consolidated cash-flow statement

SEK M	Oct-Dec 2020	Oct-Dec 2019	Jan-Dec 2020	Jan-Dec 2019
Profit/loss before tax	-338.5	-32.5	-381.2	-17.4
Adjustment for non-cash items	368.6	66.8	451.8	147.9
Income tax paid	2.5	8.2	0.2	3.3
Change in inventory	33.1	41.2	97.1	88.4
Change in current receivables	-33.5	-15.3	1.1	38.9
Change in current liabilities	14.7	14.0	-10.9	-100.7
Cash flow from operating activities	46.9	82.4	158.1	160.4
Cash flow from investing activities	-33.1	-19.1	-119.1	-115.4
Cash flow from financing activities	-76.3	-19.7	-209.2	-19.7
Change in cash and cash equivalents	-62.5	43.6	-170.2	25.3
Cash and cash equivalents on the opening date	452.8	536.7	563.9	540.5
Effect of exchange rate changes on cash	-13.3	-16.4	-16.7	-1.9
Closing cash and cash equivalents	377.0	563.9	377.0	563.9

The Group's operating segments

	Oct-Dec	Oct-Dec		Jan-Dec	Jan-Dec
SEK M	2020	2019	Change, %	2020	2019	Change, %
Revenue
Sensors	369.4	381.4	-3	1,255.7	1,458.6	-14
Other	-	-	-	-	-	-
Group	369.4	381.4	- 3	1,255.7	1,458.6	-14

	Oct-Dec	Oct-Dec		Jan-Dec	Jan-Dec
SEK M	2020	2019	Change, %	2020	2019	Change, %
Operating profit/loss
Sensors	-326.8	-15.3	-	-365.8	-14.4	-
Other	-	-	-	-	-	-
Group	-326.8	-15.3	0	-365.8	-14.4	-

	Oct-Dec	Oct-Dec		Jan-Dec	Jan-Dec
SEK M	2020	2019	Change, %	2020	2019	Change, %
Profit/loss before tax
Sensors	-338.5	-32.5	-	-381.2	-17.4	-
Other	-	-	-	-	-	-
Group	-338.5	-32.5	0	-381.2	-17.4	-

Consolidated statement of income and other comprehensive income for the past nine quarters

SEK M	Oct-Dec 2020	Jul-Sep 2020	Apr-Jun 2020	Jan-Mar 2020	Oct-Dec 2019	Jul-Sep 2019	Apr-Jun 2019	Jan-Mar 2019	Oct-Dec 2018
Revenue	369.4	294.0	282.3	310.0	381.4	352.5	381.8	342.9	424.3
Cost of goods sold	-282.0	-240.8	-221.6	-236.1	-293.3	-272.4	-297.6	-264.2	-336.1
Gross profit	87.4	53.2	60.7	73.9	88.1	80.1	84.2	78.7	88.2
Gross margin, %	2 4	1 8	2 1	2 4	2 3	2 3	2 2	2 3	2 1
Selling costs	-35.9	-28.9	-30.6	-35.0	-40.3	-34.5	-37.6	-34.6	-35.0
Administrative costs	-27.1	-18.0	-21.0	-18.4	-27.3	-20.1	-17.7	-21.9	-39.0
Development costs	-16.3	-12.1	-28.6	-37.4	-37.8	-23.4	-25.5	-24.0	-42.9
Other operating income/expenses	-334.9	1.2	2.8	-0.8	2.0	-5.5	2.8	-0.1	3.2
Operating profit/loss	-326.8	-4.6	-16.7	-17.7	-15.3	-3.4	6.2	-1.9	-25.5
Operating margin, %	-88	- 2	- 6	- 6	- 4	- 1	2	- 1	- 6
Finance income/expenses	-11.7	-6.3	-21.6	24.2	-17.2	17.0	-3.9	1.1	1.9
Profit/loss before tax	-338.5	-10.9	-38.3	6.5	-32.5	13.6	2.3	-0.8	-23.6
Income tax	25.2	9.2	16.0	-10.0	13.9	-7.8	0.4	-2.7	6.1
Profit/loss for the period	-313.3	-1.7	-22.3	-3.5	-18.6	5.8	2.7	-3.5	-17.5
Other comprehensive income	-56.5	-32.3	-75.3	79.3	-51.0	55.5	-2.8	35.3	11.5
Total comprehensive income for the period	-369.8	-34.0	-97.6	75.8	-69.6	61.3	-0.1	31.8	-6.0

Consolidated statement of financial position for the past nine quarters

	31-Dec 2020	30-Sep 2020	30 Jun 2020	31 Mar 2020	31 Dec 2019	30 Sep 2019	30 Jun 2019	31 Mar 2019	31 Dec 2018
SEK/USD exchange rate, balance date	8.18	9.03	9.35	10.08	9.32	9.80	9.27	9.28	8.97
Assets
Intangible fixed assets	759.3	1,138.6	1,147.7	1,213.9	1,127.8	1,182.7	1,124.8	1,129.5	1,102.7
Tangible fixed assets	7.0	9.2	10.5	13.2	15.8	19.8	23.0	26.9	30.2
Right-of-use assets	24.8	19.2	23.1	28.4	32.9	35.0	33.7	38.2	-
Financial fixed assets	46.8	24.3	18.1	4.0	18.3	7.7	20.2	21.9	27.8
Total fixed assets	837.9	1,191.3	1,199.4	1,259.5	1,194.8	1,245.2	1,201.7	1,216.5	1,160.7
Inventories	136.3	174.2	196.9	230.1	253.4	300.3	304.7	323.3	347.5
Accounts receivable	196.2	166.4	159.2	225.9	197.3	187.5	226.9	279.5	232.7
Other receivables	15.4	17.4	15.8	17.9	15.4	23.5	23.6	22.3	19.8
Prepaid expenses and accrued income	12.2	9.6	9.9	11.0	12.3	7.9	11.4	21.5	18.0
Cash and cash equivalents	377.0	452.8	429.0	485.3	563.9	536.7	486.3	337.6	540.5
Total current assets	737.2	820.4	810.8	970.2	1,042.3	1,055.9	1,052.9	984.2	1,158.5
Total assets	1,575.1	2,011.7	2,010.2	2,229.7	2,237.1	2,301.1	2,254.6	2,200.7	2,319.2
Shareholders' equity and liabilities
Shareholders' equity	1,182.9	1,624.4	1,658.4	1,839.6	1,798.9	1,868.5	1,807.2	1,807.3	1,775.5
Deferred tax liability	20.6	26.0	31.1	36.8	38.6	44.5	46.8	47.5	51.9
Long-term liabilities	9.8	4.8	6.7	9.3	11.8	14.1	15.6	20.1	-
Short-term debt of long-term liabilities	12.8	11.5	13.4	16.0	17.9	17.8	18.1	18.1	-
Accounts payable	200.7	192.0	148.6	188.9	235.2	231.1	233.0	144.4	256.2
Current tax liabilities	2.0	1.6	0.6	0.7	0.8	1.1	1.1	1.4	1.3
Other current liabilities	14.9	15.8	15.2	12.9	9.8	15.2	19.7	4.6	27.1
Accrued expenses and prepaid income	131.3	135.6	136.2	125.5	124.1	108.8	113.1	157.3	207.2
Total current liabilities	361.8	356.5	314.0	344.0	387.8	374.0	385.0	325.8	491.8
Total shareholders' equity and liabilities	1,575.1	2,011.7	2,010.2	2,229.7	2,237.1	2,301.1	2,254.6	2,200.7	2,319.2

Consolidated cash-flow statement for the past nine quarters

	Oct-Dec	Jul-Sep	Apr-Jun	Jan-Mar	Oct-Dec	Jul-Sep	Apr-Jun	Jan-Mar	Oct-Dec
SEK M	2020	2020	2020	2020	2019	2019	2019	2019	2018
Profit/loss before tax	-338.5	-10.9	-38.3	6.6	-32.5	13.6	2.3	-0.8	-23.6
Adjustment for non-cash items	368.6	33.4	45.3	4.5	66.8	9.7	38.6	32.8	35.2
Income tax paid	2.5	0.0	-1.4	-0.9	8.2	-1.5	-1.8	-1.6	4.9
Change in inventory	33.1	7.5	33.2	23.3	41.2	4.4	18.6	24.2	-2.6
Change in current receivables	-33.5	-5.8	69.5	-29.1	-15.3	41.8	64.6	-52.2	-18.9
Change in current liabilities	14.7	43.5	-27.0	-42.1	14.0	-8.5	57.3	-163.5	-21.1
Cash flow fr. operating activities	46.9	67.7	81.3	-37.8	82.4	59.5	179.6	-161.1	-26.1
Cash flow from investing activities	-33.1	-32.6	-27.4	-26.0	-19.1	-25.6	-27.4	-43.3	-31.0
Cash flow from financing activities	-76.3	-4.4	-88.8	-39.7	-19.7	-	-	-	-151.3
Change in cash and cash equiv.	-62.5	30.7	-34.9	-103.5	43.6	33.9	152.2	-204.4	-208.4
Cash and cash equiv. on the opening date	452.8	429.0	485.3	563.9	536.7	486.3	337.6	540.5	742.0
Effect of exchange rate changes on cash	-13.3	-6.9	-21.4	24.9	-16.4	16.5	-3.5	1.5	6.9
Closing cash and cash equivalents	377.0	452.8	429.0	485.3	563.9	536.7	486.3	337.6	540.5

Fair value and carrying amount of financial liabilities and assets

	12/31/2020		12/31/2019
SEK M	Carrying amount	Fair amount	Carrying amount	Fair amount
Financial assets
Current financial assets:
Financial assets at amortized cost:
Accounts receivable	196.2	196.2	197.3	197.3
Cash and cash equivalents	377.0	377.0	563.9	563.9
Total financial assets	573.2	573.2	761.1	761.1
Financial liabilities
Long-term financial liabilities:
Long-term lease liabilites	9.8	9.8	11.8	11.8
Current financial liabilities:
Short-term lease liabilities	12.8	12.8	17.9	17.9
Accounts payable	200.7	200.7	235.2	235.2
Total financial liabilities	223.3	223.3	264.9	264.9
By category:
Total financial assets	573.2	573.2	761.1	761.1
Financial liabilities at amortized cost	223.3	223.3	264.9	264.9
Net	349.9	349.9	496.3	496.3

Condensed income statement, Parent Company

	Oct-Dec	Oct-Dec	Jan-Dec	Jan-Dec
SEK M	2020	2019	2020	2019
Revenues	368.8	381.0	1,251.7	1,454.3
Cost of goods sold	-277.4	-283.3	-952.3	-1,087.9
Gross profit	91.4	97.7	299.4	366.4
Selling expenses	-35.2	-40.3	-129.8	-147.0
Administrative expenses	-30.7	-29.7	-93.4	-97.0
Development expenditure	-15.5	-41.5	-94.0	-121.0
Other operating revenues/expenses	-68.5	2.0	-65.3	-2.2
Operating profit/loss	-58.6	-11.8	-83.1	-0.8
Finance revenues/expenses	-969.5	-39.7	-971.1	44.0
Profit/loss after financial items	-1,028.1	-51.5	-1,054.2	43.2
Appropriations	0.0	8.0	0.0	8.0
Profit/loss before tax	-1,028.1	-43.5	-1,054.2	51.2
Tax	22.6	8.8	28.5	-11.7
Profit/loss for the period	-1,005.5	-34.7	-1,025.7	39.5

Condensed balance sheet, Parent Company

	31-Dec	30-Dec
SEK M	2020	2019
Assets
Intangible fixed assets	139.5	122.0
Tangible fixed assets	4.4	11.2
Financial fixed assets	109.5	1,015.3
Total fixed assets	253.4	1,148.5
Inventories	136.3	253.4
Accounts receivable	195.2	196.9
Current receivables	23.9	62.8
Cash and cash equivalents	337.5	518.1
Total current assets	692.9	1,031.2
Total assets	946.3	2,179.7
Shareholders' equity and liabilities
Shareholders' equity	581.4	1,797.6
Accounts payable	199.7	234.1
Tax liabilities	0.2	-
Other current liabilities	165.1	148.0
Total current liabilities	365.0	382.1
Total shareholders' equity and liabilities	946.3	2,179.7

Key consolidated data

	Oct-Dec 2020	Oct-Dec 2019	Jan-Dec 2020	Jan-Dec 2019
Revenue, SEK M	369.4	381.4	1,255.7	1,458.6
Revenue change, %	-3	-10	-14	-5
Gross margin, %	2 4	2 3	2 2	2 3
Operating margin, %	-88	-4	-29	-1
Profit margin, %	-85	-5	-27	-1
EBITDA, SEK M	32.4	13.3	59.4	128.7
Return on equity, %	-26	-4	-29	1
Cash flow from operating activities, SEK M	46.9	82.4	158.1	160.4
Equity/assets ratio, %	7 5	8 0	7 5	8 0
Investments, SEK M	-33.1	-19.1	-119.1	-115.4
Depreciations, SEK M	359.2	28.6	425.1	143.1
Average number of employees	237	220	232	209
Shareholders' equity per share, SEK
- before dilution	3.92	5.73	5.97	5.73
- after dilution	3.92	5.73	5.97	5.73
Cash flow from operating activities/share, SEK
- before dilution	0.15	0.26	0.51	0.51
- after dilution	0.15	0.26	0.51	0.51
Number of shares at period end, 000s (1)	301,544	313,968	301,544	313,968
Average number of shares, 000s
- before dilution	305,737	313,968	308,830	313,968
- after dilution	305,737	313,968	308,830	313,968
Share price at period end	17.41	18.88	17.41	18.88

Key consolidated figures for the past nine quarters

	Oct-Dec 2020	Jul-Sep 2020	Apr-Jun 2020	Jan-Mar 2020	Oct-Dec 2019	Jul-Sep 2019	Apr-Jun 2019	Jan-Mar 2019	Oct-Dec 2018
Revenue, SEK M	369.4	294.0	282.3	310.0	381.4	352.5	381.8	342.9	424.3
Revenue change, %	-3	-17	-26	-10	-10	-18	-2	1 8	-31
Gross margin, %	2 4	1 8	2 1	2 4	2 3	2 3	2 2	2 3	2 1
Operating margin, %	-88	-2	-6	-6	-4	-1	2	-1	-6
Profit margin, %	-85	-1	-8	-1	-5	2	1	-1	-4
EBITDA, SEK M	32.4	8.7	6.7	11.6	13.3	35.6	44.0	35.8	8.8
Return on equity, %	-26	-2	-6	4	-4	3	0	2	0
Cash flow from operating activities, SEK M	46.9	67.7	81.3	-37.8	82.4	59.5	179.6	-161.1	-26.1
Equity/assets ratio, %	7 5	8 1	8 3	8 3	8 0	8 1	8 0	8 2	7 7
Investments, SEK M	-33.1	-32.6	-27.4	-26.0	-19.1	-25.6	-27.4	-43.3	-31.0
Depreciations, SEK M	359.2	13.3	23.4	29.3	28.6	39.0	37.7	37.8	34.3
Average number of employees	237	234	235	231	220	214	208	209	237
Shareholders' equity per share, SEK
- before dilution	3.92	5.31	5.42	5.92	5.73	5.95	5.76	5.76	5.66
- after dilution	3.92	5.31	5.42	5.92	5.73	5.95	5.76	5.76	5.66
Cash flow from operating activities, SEK
- before dilution	0.15	0.22	0.26	-0.12	0.26	0.19	0.57	-0.51	-0.08
- after dilution	0.15	0.22	0.26	-0.12	0.26	0.19	0.57	-0.51	-0.08
Number of shares at period end, 000s	301,544	306,000	306,000	310,640	313,968	313,968	313,968	313,968	313,968
Share price at period end, SEK	17.41	17.88	16.91	13.16	18.88	19.96	16.45	13.26	10.13

Rolling 12-month key figures for the Group for the past nine quarters

	Jan-Dec 2019/20	Oct-Sep 2019/20	Jul-Jun 2019/20	Apr-Mar 2019/20	Jan-Dec 2019	Oct-Sep 2018/19	Jul-Jun 2018/19	Apr-Mar 2018/19	Jan-Dec 2018
Revenues, SEK M	1,255.7	1,267.7	1,326.2	1,425.7	1,458.6	1,501.5	1,580.2	1,588.3	1,535.1
Gross profit, SEK M	275.1	275.9	302.8	326.3	331.1	331.2	366.2	36.3	2.4
Gross margin, %	2 2	2 2	2 3	2 3	2 3	2 2	2 3	2	0
Operating profit/loss, SEK M	-365.9	-54.3	-53.1	-30.2	-14.4	-24.6	-14.2	-598.6	-771.6
Operating margin, %	-29	-4	-4	-2	-1	-2	-1	-38	-50
EBITDA, SEK M	59.4	40.3	67.2	104.6	128.7	124.2	125.3	-320.7	-505.2

About Fingerprint Cards

Fingerprint Cards AB, Fingerprints, with its Swedish roots, is the leading global biometric company, whose mission is to spearhead the development of biometric interaction that facilitates the convenience and integrity of the individual. Its value is proven daily in millions of devices, through billions of touches, which are their own key — quite simply, with a human touch. Since the start, Fingerprints has supplied more than a billion sensors.

Fingerprints develops biometric systems comprising sensors, algorithms, software and packaging technologies. Its success is based on product development at the cutting edge of technology, which results in world-leading products in terms of security, convenience and performance. The current product range consists largely of fingerprint sensors and customers are primarily manufacturers of smartphones and tablets, where the company is market leading. As the use of biometric solutions increases, Fingerprints is working to broaden its offering by using different biometric techniques, or modalities, and to identify other market segments where the solutions can be used, such as smartcards, PCs, automotive and online devices (IoT).

Vision

A secure and seamless universe, where you are the key to everything.

Mission

To provide secure and convenient identification and authentication with a human touch.

Business concept

Fingerprints develops and sells biometric solutions to companies globally that develop products and services interfacing with people.

Glossary

Refer to the company's website: www.fingerprints.com

Definitions

Most of these key figures are Alternative Performance Measures according to ESMA's definition. How these key figures are used is described below, as is how they are calculated. The alternative performance measures are used to provide a more comprehensive description of how the operational activities are developing, such as gross margin, gross profit, operating margin, EBITDA and revenue increase, while other alternative performance measures focus on the owner perspective, such as return on equity, and cases where certain balance-sheet items or cash flow items are placed in relation to the number of shares. In addition, the equity/assets ratio is provided to describe the financial position and long-term financial sustainability.

Number of shares outstanding at period end Number of shares less bought back shares held in treasury.

Return on equity	Profit for the period in relation to average equity during the period. Average equity is defined as shareholders' equity at the start of the period plus shareholders' equity at the end of the period divided by two.
Gross margin	Gross profit as a percentage of revenues.
Gross profit	Revenues less cost of goods sold.
EBITDA	Earnings before interest, taxes, depreciation and amortization. Operating profit before interest rates, taxes, depreciation/amortization and impairment losses.
Shareholders' equity per share	Shareholders' equity attributable to the Parent Company's shareholders divided by the number of shares outstanding before dilution at period-end.
Shareholders' equity per share after dilution	Shareholders' equity per share adjusted for the number of shares and the paid exercise price resulting from the ongoing remuneration and personnel programs.
Average number of shares after dilution	Average number of shares plus an increase by the average number of shares that could be issued as a result of current remuneration and personnel programs.
Average number of shares outstanding	The Parent Company's average weighted number of shares outstanding at the end of the period.
Revenue increase	This shows the increase in revenues compared with the corresponding year earlier period shown as a percentage.
Cash flow from operating activities/share	Cash flow from operating activities after changes in working capital/average number of shares before and after dilution.
Cost of goods sold	Cost of materials, production expenses and amortization according to plan of capitalized development expenditure.
Net cash	Cash and cash equivalents less interest-bearing debt.
Profit for the period	Profit after financial income/expenses and tax.
Earnings per share	Profit for the period/number of shares outstanding at period end.
Earnings per share after dilution	Earnings per share adjusted for the number of shares and the paid strike price pursuant to ongoing compensation and personnel programs. Earnings per share after dilution can never be better than earnings per share before dilution.
Operating margin	Operating profit as a percentage of revenues.

Operating profit Operating profit before financial income/expenses and tax. Equity/assets ratio Shareholders' equity divided by total assets. Profit margin Profit for the period as a percentage of revenues.