Wednesday, March 18, 2009

AuthenTec 10K

Business basis: "Since our inception in 1998, we have shipped over 44 million (fingerprint) sensors which have been integrated into over 250 different models of laptops, desktops and PC peripherals as well as over 9 million mobile phones. In response to increased demand, we shipped over 17.7 million sensor units in 2008, a 39% increase over the 12.7 million sensor units we shipped in 2007. Correspondingly, our revenue increased over the same period from $52.3 million in 2007 to $63.9 million in 2008, a 22% increase."

Customer concentration: " In fiscal 2008, Hewlett-Packard Company, Fujitsu Ltd. and Lenovo Group Ltd., either directly or through their suppliers, accounted for 41%, 14% and 11%, respectively, of our revenue in 2008. Our top five end customers accounted for 78% of our revenue in fiscal 2008 and 85% of our revenue in fiscal 2007. "

Wafer foundry: "We currently outsource most of our semiconductor fabrication to TSMC."

Wafer bumping: "We outsource most of the wafer gold bumping of our products to Chipbond in Taiwan....."

Assembly and test: "We outsource all assembly and testing of our products to subcontractors, Signetics in South Korea and ChipMOS in Taiwan."

Employees: "As of January 2, 2009, we had 130 full-time employees, including 83 in research and development, five in operations, 26 in sales and marketing and 16 in general and administrative functions."

Patent foundation: "Our proprietary technologies are protected by 47 issued U.S. patents and 27 U.S. patent applications."