Thank you. Good morning. Welcome to Fingerprint Cards Earnings Call following the release of the year-end report this morning. My name is Stefan Pettersson. I'll be the moderator today. We'll begin the call with a presentation of the report by our CEO, Christian Fredrikson, and thereafter by our CFO, Per Sundkvist. Following this, we'll have a Q&A session, and if you're following the conference call on the web, you can post questions throughout the call. For those of you participating on the phone, instructions on how to ask questions will be given by the operator before we get into the session. With that, I now hand over to our CEO, Christian Fredrikson. Yes. Thank you, Stefan. Good morning, everyone, and welcome to the call, which will focus on Fingerprint's progress and performance in the fourth quarter. Let me start with the financials here. I'm pleased with the 26% revenue increase compared to last quarter. In this quarter, the revenue was -3% year-over-year, but in constant currency term, we also increased our revenue compared to fourth quarter 2019 by 7%. Our gross margin improved to 24%. As you will know, if you have been following our reporting, we have suffered from insufficient access to production capacity at semiconductor fabs. The background is that the geopolitical situation has led to increased demand for chips from some of the domestic Chinese smartphone makers, while global demand for chip is also increasing in general as, I suppose, everybody knows by today. This quarter, our access to production capacity improved somewhat, which explains also why we could increase the revenues. As demand for our product remains strong, I'm very pleased with that demand, but obviously, it is painful that we are not able to provide the products accordingly. Our limiting factor is the supply chain constraints, and we see continued challenges as we enter 2021. Investments in new capacity have increased, but it takes time to build new production lines. We are also working on securing additional capacity both in mainland China as well as outside, and we continue with this with full force. We have added people. We have added capabilities to expand into more foundries, and we are making progress. We had a more favorable product mix this quarter with a greater proportion of new products, which also contributed to improving our gross margins. Next slide, please. Now, let me go through a bit on this non-cash write-down. Obviously, our result was impacted by non-cash write-downs amounting to SEK 340.6 million, of which SEK 267.7 million is attributable to the goodwill from the acquisition of Delta ID, the iris technology in 2017. We are also writing down patents and some R&D project in the under display area. We have, and I emphasize, we have a positive view of the potential in iris recognition, and that is unchanged. At the same time, we made the prudent assessment that future cash flows may be somewhat delayed, partly due to corona effects related to the corona pandemic, but also due some project being delayed. This is the reason for the adjustment of the goodwill value on the balance sheet. We then consider the under display area, the situation here is that we have been delayed in our project, and the average selling prices on the market for under display sensor have decreased quite significantly. This is the reason for the adjustments in this area. Apart from the fact that market prices have decreased, our positive view of the potential in the under display market is unchanged, and we continue our development work in this area and are making progress, even as I said, we have been delayed in the project. Our underlying operating profit, adjusted for write-downs in the quarter, was positive and amounted to SEK 14 million. Our liquidity is good, with net cash holdings at SEK 354 million, and we had a good quarter on generating cash of SEK 47 million. Next slide, please. We are making good progress against our strategic priorities. We have reinforced our market-leading position in capacitive sensors for smartphones with a very attractive product portfolio. There is a strong trend towards side-mounted sensors, and our curved ultra-thin sensor, which we launched in Q4, is the latest addition to our offering in this product set. We will continue to invest in driving innovation still in the mobile capacity market. If you look at other new areas outside of mobile, we had a really eventful quarter as well. Let me start by highlighting the PC era, which is developing very nicely. As I have said before, we expect this segment to grow quite significantly in the coming years. In the quarter, we announced the design win with a top-tier global PC maker, and in January, we could announce the first major purchase order for a new PC solution for several hundred thousand sensors. As you probably know, payment is another area in which biometric is starting to make serious inroads. We recently announced a new volume order in this area as well. Let me get back to discussing our progress in this area in a while. Let me also mention the smart door by Inotherm, Europe's largest manufacturer of aluminum doors, which includes our technology now. Biometric door locks are still much more common in Asia than, for example, in Europe and North America, so there's clearly an interesting growth potential in this segment as well. There are many other application areas now in the access segment, for example, in healthcare. Our iris recognition technology is used in an access control system in a South Korean hospital. I expect to see further implementations of touchless biometrics within the healthcare sector, as this form of access control helps to prevent the spread of the disease. It's a really convenient means to secure entry to buildings and busy hygiene-conscious environments, such as hospitals. Another natural application area for touchless biometrics is AR and VR headsets, and we are working with manufacturers in this area as well to get iris technology into the product. Iris also has been an ease in use in payment devices in India with Aadhaar. Of course, the automotive industry is a very interesting application area where we continue with our partnership with Gentex. Next slide, please. As you know, mobile applications account for the bulk of our revenue today. This is now a mature and well-established market for biometrics, with over 80% of smartphones having some sort of biometric sensor. You will find our solutions in devices from nine out of the top 10 global Android brands. We recently announced that the 500th smartphone with our technology has been launched. The capacitive fingerprint sensor is a proven and popular technology in the mobile industry. Our capacitive sensors are reliable, they perform well, and are cost-efficient. We have continued to innovate in this segment. Our side-mounted sensors are particularly popular, and I have great expectations here. They work well with the most recent smartphone models, such as foldable devices and mobiles with borderless fronts. The fact is that some of our customers, once again, have a preference for capacitive sensors as opposed to under display. In fact, capacitive fingerprint sensors continue to be the most popular modality also in going into 2021. If we look at 2020, 62% of announced phones by top 10 Android brands are using a capacitive fingerprint sensor. This is up by 6 percentage points from 56% in 2019. This very positive trend for the capacitive technology is in large part due to the innovation created by our own teams, embodied in our new ultra-thin sensor portfolio, which we expanded during the quarter with the launch of the FPC1542. It is also nice to see that the underlying operative profit for this quarter was positive. This is due to an improved product mix with a larger portion of the new products. Next slide, please. Let me also talk about the payments area a bit, which as you know represents a very large potential market for our solution. It's important to know that we now have the world's first biometric payment card, which is certified by both Mastercard and Visa. This is a fairly recent development. Visa certified the card in September 2020, following an earlier certification by Mastercard. Before these certifications took place, it was not possible for card issuers to plan for broad commercial rollouts. Another significant development is that the coronavirus outbreak has led to a sharp upswing in contactless payments in many countries, as consumers want to avoid touching the POS terminal. In fact, we see an increased consumer demand for biometric cards. Let me get back to some interesting findings about this on the next slide. As you may know, BNP Paribas in France has begun rolling out biometric cards to its customers. This is the Mastercard and Visa-certified card from Thales, which incorporates our T-Shape sensor module. A couple of weeks ago, a Thales representative shared information on a launch by BNP Paribas. The quote you see on the slide here is from a newspaper article where Thales says that the launch so far has been a great success, and that the biometric card will be offered now to all BNP customers. After having tried the card, the consumers were even more positive towards using their fingerprint to pay contactless. Thales also mentioned that they are preparing biometric card launches with a number of other issuers, so I think we can expect to see more positive news in the near future. In fact, another French bank, Crédit Agricole, is also starting to offer biometric cards to customers. I am also pleased that the first Nordic bank, Rocker, has announced a biometric card pilot in Sweden during Q1. Nice to see also movements in the home market. We also made progress in Asia in the payments area, announcing a partnership with Indian firm M-Tech Innovations, with the objective of launching contactless biometric payment cards in the Indian market. The second generation T-Shape passed the accuracy and security test performed by Bank Card Test Center in China. Next slide, please. Let me just share a few comments from a recently conducted survey by Kantar with some findings so you get a view of how some consumers are looking at the contactless as well as the biometric cards. During the pandemic, consumers have turned to card payments and especially contactless cards like never before. Contactless payments are very fast and easy, and you don't have to touch the POS terminal to enter your PIN, obviously. On average, one in two are using their contactless card as the main method when paying in stores, and the majority of consumers, 63%, think they will use contactless cards even more in the future. At the same time, the contactless card is not perfect. People are increasingly concerned about anyone being able to use their card if they lose it. There is also an issue with the payment cap and confusion related to when or when not to use the PIN. Of course, the hygienic concern adds to the friction. Consumers need a reason to trust contactless, both from security and usability, and biometric removes the need for PIN and increases security. Over half of the respondents that are interested in biometric claim that they would be ready to switch banks for it. It's clear that this can also be an interesting way for banks to differentiate themselves and attract new customers. Those who are most interested in biometric cards are also the ones with the highest incomes, according to the survey. If we consider the respondents that use their contactless cards regularly, 62% want it to be biometric, and almost half would be willing to pay for it. It is clear that the demand for biometric card has increased even more with the pandemic. We can see this behavioral shift, and it has happened quickly, and adoption of contactless card has boomed while also shining a spotlight on the current issues and constraints of contactless card that have now become real consumer pain points. We believe that by offering biometric payment cards, bank can not only innovate and show that they care for existing customers, they can also attract new ones. Next slide, please. Let me get to the summary of the quarter. We made a non-cash write-down of SEK 340 million, which is related to the acquisition of Delta ID and the R&D projects in under display area. Obviously, I'm not pleased that we had to do these write-downs, but our positive view of the potential in both of these areas is unchanged, although we can see some delays in the cash flow, and ASP in under display has decreased quite strongly. In our operations and in our business, we see, and we continue to see very healthy demand in mobile, in PC, and in access business, and we see very good momentum in all of those areas, also in PC from the first volume order. While our access to production capacity has improved somewhat with a positive effect on our revenue, however, we foresee continued challenges related to supply chain limitations. This is painful for us. We have much more demand than what we can get products for. We are making progress in our work to secure additional suppliers and additional capacity, both within and outside of mainland China. This is obviously a key focus work for us and very important. A more favorable product mix in the quarter had a positive effect also on our gross margin. Our new thin side-mounted sensors have done extremely well in the market, and we continue to drive new innovation in this area with the launch of FPC1542 in the fourth quarter. Also, we had positive news in payments, announcing a new volume order and seeing large banks moving ahead with their launching of biometric payment cards. 2021 has the good potential to be the year when biometrics makes serious inroads into payment markets, and we already know that it is doing that in PC. We are now having a very strong position as we go into this year, despite the challenges in the supply chain. Thank you. With that, let me hand over to Per Sundkvist. Thank you, Christian, and good morning to you, everyone. Let's move to the first slide of financial results section. Starting then with our revenue, we reported a 3% drop in relation to the corresponding quarter last year. However, in constant currency terms, revenue actually increased by 7%. We had a negative currency impact as the U.S. dollar weakened against the SEK. We also increased revenue compared to the previous quarter by a full 26%. We continued to experience strong demand for our sensors, as Christian mentioned, while our access to production capacity with the large semiconductor fabs improved somewhat in the quarter. Our gross margin increased by a percentage point compared to the same quarter last year. This is, as mentioned before, driven by a favorable product mix change. This meant that the operating profit and the net income this quarter were impacted by impairments of goodwill, R&D projects, and patents amounting to SEK 340.6 million. That was discussed earlier by Christian as well. The underlying operating profit, however, net of the write-downs we reported this quarter, were actually a SEK +14 million, which reflects the positive trend in mobile with the improved product mix. Next slide, please. This slide shows the development of revenue and gross margin on a 12-month rolling basis. Previously communicated, the decrease in revenue we have seen in the last few quarter is due to the impact of the supply chain limitation. We have not been able to secure adequate access to production capacity. This situation has eased a bit this quarter, although we expect continued challenges. Our gross margin benefited from a more advantageous product mix, as I have mentioned. Our newest sensors have done very well in the market. We continue our efforts, of course, to improve profitability, both by continuously increase our efficiency and by diversifying our business into new customer segments and application areas. Next slide, please. Excluding the write-downs, our operating expenses for the first quarter were SEK 79 million versus SEK 105 million in Q4 last year. Of that, development cost of SEK 32 million were capitalized during the second quarter, which is to be compared to SEK 16 million in Q4 last year and an equal SEK 32 million in the last quarter. We will, of course, maintain our strong focus on cost and efficiency improvements going forward. Next slide, please. Our core working capital, that is, in this case, accounts receivable plus the inventory, less the accounts payable, was SEK 132 million at the end of the quarter, which is to be compared to SEK 216 million in the same quarter last year and SEK 161 million last quarter. As you can see, we continue to work very actively to manage our working capital. Next slide, please. In essence then, our cash flow from operating activities was a SEK +47 million, compared to SEK 82 million in Q4 last year, and our cash position still stood at SEK 377 million versus SEK 564 in the same quarter last year and SEK 453 million at the end of Q3 2020. However, own shares were bought back in a total of SEK 72 million in Q4, and we continue to focus on working capital and effective cost control in addition to our gross margin during the quarter, which contributed combined to the strong cash flow. Cash flow from investing activities, capitalized development expenditures was SEK 33 million compared to SEK 19 million last year. Thank you, everyone. We are now ready to take questions. Thank you. We will now begin the question and answer session. If you wish to ask a question, please press star and one on your telephone keypad and wait for your name to be announced. Or type your questions into the Q&A cap at the bottom left handside of your screen. You have one question coming through on the line and its from François Bouvignies of UBS. Please go ahead and ask your question. Thank you very much, and good morning, gentlemen. I have a couple of question. The first one is on the supply chain. I just would like to understand a bit more, when you say that you are making good progress to, for example, additional suppliers, in mainland China and outside China. I was just wondering what exactly you are talking about, because if we look at this quarter, I mean, your revenue were up 25% quarter-on-quarter. It doesn't seem that we see an impact, at least significantly, on your supply capability, but I was just wondering what is going on behind the scene. If you could give more color would be great. Yes. Hi, François. Sure, yes. I think that you are right. There was from the last quarter, a 25% increase, and typically Q3 is of course the biggest quarter for us, so that shows that we are improving in terms of getting capacity. In a way, you had two questions there, right? One is that we have fundamentally, clearly more demand, so we are not able to respond to the demand, and that's what I mean with the supply challenges. We were able to grow, and we grew 7% even when you take the currency effect into account, even on year-over-year. My pain and our pain comes from the fact that we cannot supply to the demand, and that's what I mean with this one, even if we are now growing in the numbers, it's of course annoying, painful for us that we are not able to fully supply. We have had a lot of actions then on your second question on the actions, we are expanding. I suppose you could see that our suppliers are expanding their capacity and their lines, that takes time. You have shorter actions and longer action, some of them are big investments, some are smaller. That is going on with the existing base. Then we have also expanding ourselves. We are expanding the foundries. We are going both inside China and outside China to more foundries. We basically are then getting ourselves more access to capacity. That means more also investment for us, for example, in teams that are able to do multiple projects in terms of adapting to different foundries. We have done those, and we have teams working now in parallel. That is kind of the things we are doing. I can see that it is improving, but we of course, would like it to improve much faster, and that's the work we have ahead of us and still going. I hope that clarified a bit. Yeah. Thank you. Just, are you qualified to other foundries, or are you in the process of qualification? Both. We have qualified to other foundries, and we are qualifying to other foundries. The expansion continues. We are going. The answer is in both is yes. Okay. Can you share the other foundries that you had qualified or is it? We haven't come out actually with them, right? It's a good question that how much will we share actually on the names of the foundries. So far, we haven't. I will take the action, François, for us to look at that. What can we actually share in terms of the names and that. Yeah, it would be helpful. Yeah. Yes, I will take the action on that one. Also, because we will have many more foundries coming for us. Okay. In summary, in theory, can you increase your revenues from this level? When you say you are supply constrained, it's going to be difficult to go further. Just to make sure if you have extra capacity, at least for the next two quarters. I'm not talking about the long term. Yeah, I suppose we're not going to give forecast. I can say that we are now fully dependent on capacity for our growth. That is the thing that we will fix it. We are working on it. It takes time, and we are still limited. I can't give you how much, because we don't give forecast. It is the single thing that stops us from growing further right now. That's why even if we grew now, that's the action that we have on us to fix. With the qualification of the new foundries, do you have an idea of, with all this work, when it's going to ease on your side? Like six months, one year? Well, I think that this is work that is going to be coming out during this year, right? We don't give anything more on what it is, and it comes in waves, right? We have several actions going on there. It happens during this year. In the short term, we are still supply limited now. Okay. That's very clear. Thank you, Christian. The second area I wanted to discuss, it's on the under display. Again, can you give a bit more details? Is it like optical and ultrasound, full display? Or just one of them? What is kind of project? You had many different project of R&D in this area. Yes, we have had quite many different projects, and we kind of use the word under display because it is many parallel projects, and that's how you work in R&D, right? You have always many opportunities, and you look at several things. At least you try to see which ways you go and what you can develop in technical terms. We don't give out now which parts of these, but some of them clearly, and of course, the main track, which is for the optical, was part of this SEK 73 million, where we see that it is, of course, especially when you talk about ASP, because that is the only business that is kind of more in mainstream, if you want to look at, is the optical business right now. In the optical business, as you know, we have been delayed in our access to the market, enough getting into the market. We continue working on it. We are making progress. I believe we have a good product now, we still have to, of course, get through with that. Until you get through, you haven't gotten through. The write-down for the under display here was, of course, when it comes to the ASP decline, it relates to the optical business and the work that we have had there. The ASP decline has been quite substantial in the optical business, actually. That's why we kind of saw that the cash flow for that business case has changed a bit. Makes sense. Maybe it's a common discussion in the industry, but how do you see the inventory at your customers in the supply chain? With all the moving parts, it's quite difficult to say, between market share of Huawei, supply constraint. What's your view on this current situation in the market, on the mobile side at your customer? I think that you're right that there are many moving parts. I think that when it comes to our main products, with all our volume products, our kind of new products, all that inventory is nonexistent. We basically have air in the inventory. We have nothing. Everything that we get goes out. When it comes to the old inventory, this also has decreased substantially and continues to go down substantially with a good speed. For us, there is no inventory issue at all. Actually, I would love to get some inventory in the high runners, but we are not able to get anything right at the moment. Everything goes out as you are in this situation. When it comes to our closest partners, they are also in the same situation. I think that when it comes to the mobile phone OEMs, there is a lot of market share shifts that has happened right then. You have seen, of course, with all the geopolitical issues that has hit very hard on Huawei, and they even sold out part of their business, the Honor business. Obviously they have been hit hard. Xiaomi doing very well. The other Chinese, vivo, is doing very well. I suppose Samsung and Apple have also been gainers in this one. A big market share shift with the OEMs. We don't see any inventory build up here with anybody close to us in the supply chain right now. Everything there goes out trend. The last one from me is on, you mentioned your own inventory, which is true, seems very low. If we look at the past, it's at historic lows, right? If we want to reconcile with the demand that you see in the coming few quarters or years, my question is, as you expect the market take-off in payment cards, will you be able, if it takes off, will it meet this demand? I guess it's difficult for you to manage this kind of timing of market take-off, inventory, et cetera. I'm just wondering if it's something how should we think about that? Françoi s, I think you're asking, that is one of the big questions that, of course, I am and our team is working extremely hard on because that is so crucial for us now as it is hindering our heavier growth. At the moment, we are doing well in mobile. We can't supply. We are doing well in access. Our PC is coming. We assume that we get a couple more legs here, and then payment industry is starting this year. We know the big banks are going. I think that partially, of course, I think that obviously we have a challenge with supply that is very clear, and we have said it many times, and your question is spot on. I do think that there is also a blessing in disguise in all this pain. This is painful for any organization not to be able to supply to the demand. It hurts. I think that there is a blessing in this pain, which is that we needed to go much further, much deeper in our supply chain. We needed to expand it. We need to do new contracts. We need to secure that capacity. This is a massive lesson for us in how to build capacity and to get much better understanding of the supply chain, which the suppliers are, who are committed together with us to build this. I think that without this pain, we would not have been able to build that. I think that is the good thing that comes out of this one. In short, that is one of the single biggest tasks that we have to do now. There is demand that we build capacity. We are putting money, we are putting resources, we are putting competencies to do that, expanding in China and outside China, across the board to be able to do that, to be able to be ready to supply much better. Obviously, without that work, and it is a lot of work, there would be no chance to do that, to actually fulfill the demand. Okay. Last one. Yeah. Yeah. Because of this kind of mismatch of supply and demand, do you see any impact on the pricing? Maybe, I guess you're definitely not the only one impacted by this, right? Your competitors are already in the same situation. Do you see kind of maybe a pricing benefit from this situation? Similarly, on your cost production side, how your foundry partners are behaving, because I guess many people are asking for it, so how do they react? Yeah, I think that's another spot on, Françoi s. Clearly, the supply, the prices, what we buy, the procurement has gone up, and that has been impacting us. As you can see from our gross margin, which has gone up, that with the product mix. If I look at the capacitive business one, there is no price decline anymore, right. The ASP is kind of almost bouncing back. You're right there. That's kind of helping us in terms of the gross margin, and it needs to help us because we also get much more pressure on the cost when it comes to buying in the supply chain. I think everybody, MCUs, cameras, wafers, everything is under pressure now, right now in the industry. There is obviously then in that situation, market economy makes the prices go up. They are not going down, that's for sure. Makes sense. Thank you very much, Christian, for the answers. Thank you. Thank you. Just to remind you, if you wish to ask a question on the telephone, please press star and one. There are no more questions coming through on the audio, sir. We have a few questions from the web as well. The first one relates to the supply chain. Could you please elaborate on when you expect to be able to deliver on all your orders? That is when the supply chain limitations will ease. Can you say again, sorry, Stefan, say it? When do you expect that the supply chain limitations will improve? When can you start delivering on all your orders? That's going to be stepwise for us. We have improved now, and we will continue improving, but we are still quite a bit away from being able to deliver on all orders. Step by step, we will improve during the year. Okay. Thank you. When do you expect to start delivering under display sensors to the market? That has been clearly a disappointment and a rocky road for us to get there. I don't want to give any dates. We are working on it. We have done good progress on the product side, on the technology side. Obviously we haven't entered yet. That's what we need to do. I can't give you any dates. We're working hard on getting there. On the PC market, could you please elaborate on your expectations for 2021? The PC market overall is growing. Biometry in the PC market is growing. Our target is to take 40% market share in biometry in the PC market, and we have gotten going. It starts small, and it's a great market for us. I expect this market to grow, and it will continue to grow not only in 2021, but there forward as well for us, for sure. What is your view on the outlook for biometric cards in 2021? Perhaps also comment on your view on the U.K. market for payment cards, because you've had market trials in that country. I think, overall, this is the year when you could say that finally biometric cards are moving. We can say in short term, I'm not going to give any numbers because actually we don't even know exactly, because the banks are the ones who are then launching and putting it out to the consumers. We know that we have product that works. We can manufacture it. We know that we have certified it. We know the banks in France, BNP Paribas, have launched, and Crédit Agricole is launching. The big banks are now moving. We are in all of those. We'd see that this is the year when biometric cards came to the market, came to the consumers. There are, of course, many pilots that during the year will turn into the market of biometric cards as well. When it comes to U.K., that's up to the banks. They are doing the pilots, and of course, we push and hope and are driving for that, get as much of those bigger banks to move as ever possible now, especially with everything around the pandemic and need for contactless, uncapped payments. To give numbers, I will not give short-term numbers. We believe in the potential of this. Absolutely, it will be big business. It will be good business. To give the timing on what happens, what in what quarter, when it's not in our hands, that's what we won't give. Considering the supply situation, do you expect to be able to increase prices for capacitive sensors? As I was saying there when Françoi s was asking that in a way the cost is going up and you have seen our gross margin improving. That happens basically with product mix. There is no price decline in the capacitive business. There has been quite strong price decline in the optical biometric business in the mobile area. That was to be expected, but it has been very strong in the optical to begin with. It, of course, has settled. I believe that in the capacitive, we haven't seen our price erosion anymore. Of course, when we have launched new products with new technology and new innovation, then that actually increases our price levels, actually. That's why you see also improved gross margin. That's the way to basically drive this industry. Okay. If you can't deliver on all your orders, are you actually losing market share? I think that we are not losing market share because everyone is struggling. We would be gaining market share if we could deliver, and we can't, and that's painful. That's more of it, right. We have gotten the capacity. We got up on the capacity. We have improved on capacity so that we are kind of hanging on to our market share, but I'm not happy with that. This is, of course, painful for us that we are not able to do what we could and should be doing. We're not losing share now. Okay. Will you have to take further write-downs on Delta ID? I believe in the business. I believe in the potential of iris, and we have, of course, looked at this prudently, and we've taken a substantial write-down now. Of course, that's done with the view that this is the business we believe in and this was the cash flow impact that we had, and now we believe in this one, what we have. Nobody can promise anything ever in business. Of course, we believe strongly in what we have now in our hands. Will you buy back more shares? That's up to the board to answer on that one. I am focusing on us doing well on the cash, and we have. We have done well with the cash, and we will continue doing so. It is up to the board on what they do. We have bought back some shares to also support the shareholders. Maybe the final question on this one on iris, when could we expect to see fingerprint sensors in sold cars? Oh, that's still going to take a while. It will come to cars, but it's going to take a while. This is very slow. Of course, partially, the car industry was impacted during last year as it was a pretty rough year for the car industry. Now it, of course, has bouncing back, the car industry, so the projects go on. Now we look at working in to get biometry into the cars overall. There's a lot of testing involved. It's a long process to get into the cars. That will still take some time. Okay. Thank you. That's it for the questions. If you have some final words, Christian. Thank you for joining, and thank you for the good questions. We look forward to the year, and we have a lot to do. I am very pleased with the strong demand and obviously painfully aware of our lack of supply right now, which we are working hard on to improve and continue improving. That's how we look at this one and expanding our business into these new exciting segments. With that, thank you very much for joining. We will talk to you again in this forum in the next quarter, and I look forward to that. All the best. Take care of yourselves. Thank you, and bye.