FGRRF - Fingerprint Cards AB (publ) (FGRRF) Q4 2023 Earnings Call Transcript
2024-02-08 18:21:04 ET
Fingerprint Cards AB (publ) (FGRRF)
Q4 2023 Results Conference Call
February 8, 2024 03:00 AM ET
Company Participants
Stefan Pettersson - Head of Investor Relations
Adam Philpott - Chief Executive Officer
Per Sundqvist - Chief Financial Officer
Conference Call Participants
Markus Almerud - Carnegie
Presentation
Stefan Pettersson
Good morning, everyone, and welcome to Fingerprint Cards' earnings call following the release of our fourth quarter report this morning. So we'll start off with a presentation by our CEO, Adam Philpott; and thereafter by our CFO, Per Sundqvist. And if you're following this call on the web, you can post questions throughout the call.
And with that, let me now hand over to our CEO, Adam Philpott.
Adam Philpott
Thank you, Stefan. Good morning, everyone. Welcome to the call. Let's move to the first slide if we can. As always, I'm going to kick off with a brief summary of highlights and then we're going to go into a bit more detail before I then hand over to our CFO, Per. So firstly, we moved into full execution of our transformation plan during Q4.
We announced it in the last earnings. That plan includes cost optimization, profitability, organizational changes and strategy evolution. And we began to see initial signs of the transformational impact in Q4.We saw a modest gross margin improvement compared to the corresponding quarter last year, and we fully expect to see improved profitability going forward as we focus our capital and investments outside of the mobile sensor business, diversifying to higher-margin existing lines of business, along with new diversification areas as well.
So great we're starting to see that impact turning that corner. It's also encouraging that we're reporting 10% constant currency revenue growth, both on a year-on-year and a sequential basis. This was driven by increased volumes in mobile, PC and our access business outside of China....
Fingerprint Cards AB (publ) (FGRRF) Q4 2023 Earnings Call Transcript