Fingerprint Cards today slashes its short term guidance and withdraws the proposal for dividend. Elevated inventory levels throughout the supply chain will lead to a significant drop in revenues as destocking takes place at downstream channel partners. FPC now guides for a drop in first quarter revenues exceeding of 50 percent compared to Q1 2016. The weakness is expected to continue in the second quarter, consequently, FPC now revokes its guidance for FY2017 and refrains from providing an updated guidance.