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New CEO remaking FPC to end reliance on mobile biometrics market
Oct. 19, 2023, 6:38 p.m. | Jim Nash
Biometric Update www.biometricupdate.com
Biometric sensor maker Fingerprint Cards has announced the second significant corporate change in as many quarters. That news comes as the company reports another fiscal quarter with few positive surprises.
"Current market conditions in our largest operating segment mean our gross margin is at a level that is economically unsustainable given our existing cost base," says FPC's new CEO Adam Philpott in a statement. He is restructuring how FPC operates.
In other words, the company is hanging by a …
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