New Risk • Jun 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swedish stocks, typically moving 25% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (25% average weekly change). Minor Risk Market cap is less than US$100m (kr198.9m market cap, or US$21.2m). Announcement • Apr 17
Precise Biometrics AB (publ), Annual General Meeting, May 21, 2026 Precise Biometrics AB (publ), Annual General Meeting, May 21, 2026, at 09:30 W. Europe Standard Time. Location: ideon gateway, scheelevagen 27 in lund, lund Sweden New Risk • Apr 17
New major risk - Revenue and earnings growth Earnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr130.3m market cap, or US$14.2m). Reported Earnings • Apr 17
Full year 2025 earnings released: kr0.26 loss per share (vs kr0.11 loss in FY 2024) Full year 2025 results: kr0.26 loss per share (further deteriorated from kr0.11 loss in FY 2024). Revenue: kr77.8m (down 10% from FY 2024). Net loss: kr19.9m (loss widened 136% from FY 2024). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Mar 23
Precise Biometrics AB (publ) (OM:PREC) agreed to acquire Fingerprint Cards AB (publ) (OM:FING B) for approximately SEK 140 million. Precise Biometrics AB (publ) (OM:PREC) agreed to acquire Fingerprint Cards AB (publ) (OM:FING B) for approximately SEK 140 million on March 23, 2026. The Merger will be implemented by Precise Biometrics absorbing Fingerprint Cards, whereby the shareholders in Fingerprint Cards will receive 9 new ordinary shares in Precise Biometrics for each share in Fingerprint Cards, irrespective of share class. Thus, provided that the number of shares in Precise Biometrics and Fingerprint Cards, respectively, does not change from the date of the Merger Plan until the time of completion of the Merger, 68,272,083 ordinary shares in Precise Biometrics will be issued as merger consideration and the shareholders of Fingerprint Cards will, in total, own approximately 47 percent of the shares and votes in the Combined Company. The Merger is expected to create substantial value for the shareholders of the Combined Company through synergies arising from the consolidation of the two companies' operations and overlapping functions. The board of directors of Fingerprint Cards and Precise Biometrics considers the merger consideration to be fair from a financial point of view and unanimously recommends the shareholders of Fingerprint Cards and Precise Biometrics to vote in favor of the Merger Plan at the extraordinary general meeting in Fingerprint Cards and Precise Biometrics, to be held on or about May 6, 2026. The Merger has received all necessary regulatory, governmental and clearances from authorities necessary, approvals and decisions, including a decision from the Inspectorate of Strategic Products (Sw. Inspektionen för strategiska produkter) (“ISP”) to take no action regarding a notification in accordance with the Swedish Screening of Foreign Direct Investments Act, Nasdaq Stockholm has admitted the shares to be issued as merger consideration to trading on Nasdaq Stockholm.
When preparing for the Merger, the companies have conducted limited, customary due diligence reviews of certain business, financial, commercial and legal information relating to Precise Biometrics and Fingerprint Cards, respectively. The merger and merger information documents will be published ahead of shareholders' meetings. Extraordinary general meetings on both companies are expected on or about May 6, 2026. And subject to approvals, the merger is expected to complete mid-July. If the conditions set out in this section have not been satisfied and completion of the Merger has not taken place on or before December 31, 2026, the Merger will not be implemented and this Merger Plan shall cease to have any further effect.
Precise Biometrics has retained DNB Carnegie Investment Bank as financial advisor and Vinge as legal adviser. Fingerprint Cards has retained KANTER Advokatbyrå KB and LegalWorks Nordic as legal advisers. The Board of Fingerprint Cards has engaged Grant Thornton Sweden AB to issue a fairness opinion regarding the Merger. New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (kr171.8m market cap, or US$19.0m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: kr0.01 loss per share (vs kr0.018 profit in 3Q 2024) Third quarter 2025 results: kr0.01 loss per share (down from kr0.018 profit in 3Q 2024). Revenue: kr20.0m (down 12% from 3Q 2024). Net loss: kr654.0k (down 147% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2025 earnings released: kr0.07 loss per share (vs kr0.071 loss in 2Q 2024) Second quarter 2025 results: kr0.07 loss per share. Revenue: kr20.8m (up 1.0% from 2Q 2024). Net loss: kr5.77m (loss widened 3.7% from 2Q 2024). Announcement • Aug 15
Precise Biometrics AB (publ) to Report Q1, 2026 Results on May 13, 2026 Precise Biometrics AB (publ) announced that they will report Q1, 2026 results on May 13, 2026 New Risk • Jun 17
New major risk - Revenue and earnings growth Earnings have declined by 26% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr281.8m market cap, or US$29.8m). Announcement • May 23
Precise Biometrics AB Elects Victor Kuzmin as Board Member Precise Biometrics AB (publ) announced that at its AGM held on May 22, 2025, Victor Kuzmin was elected as new Board member. Reported Earnings • May 15
First quarter 2025 earnings released: kr0.09 loss per share (vs kr0.038 loss in 1Q 2024) First quarter 2025 results: kr0.09 loss per share (further deteriorated from kr0.038 loss in 1Q 2024). Revenue: kr20.0m (down 7.7% from 1Q 2024). Net loss: kr7.19m (loss widened 142% from 1Q 2024). Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 11
Full year 2024 earnings released: kr0.11 loss per share (vs kr0.40 loss in FY 2023) Full year 2024 results: kr0.11 loss per share (improved from kr0.40 loss in FY 2023). Revenue: kr86.9m (up 16% from FY 2023). Net loss: kr8.43m (loss narrowed 68% from FY 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Mar 22
Precise Biometrics AB (publ), Annual General Meeting, May 22, 2025 Precise Biometrics AB (publ), Annual General Meeting, May 22, 2025. Reported Earnings • Feb 15
Full year 2024 earnings released: kr0.11 loss per share (vs kr0.40 loss in FY 2023) Full year 2024 results: kr0.11 loss per share (improved from kr0.40 loss in FY 2023). Revenue: kr86.9m (up 16% from FY 2023). Net loss: kr8.43m (loss narrowed 68% from FY 2023). Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Feb 14
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 39% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr286.7m market cap, or US$26.8m). Price Target Changed • Nov 19
Price target increased by 26% to kr3.40 Up from kr2.70, the current price target is provided by 1 analyst. New target price is 7.6% below last closing price of kr3.68. Stock is up 292% over the past year. The company posted a net loss per share of kr0.40 last year. New Risk • Nov 18
New major risk - Revenue and earnings growth Earnings have declined by 28% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 28% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr282.4m market cap, or US$25.7m). Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: kr0.02 (vs kr0.098 loss in 3Q 2023) Third quarter 2024 results: EPS: kr0.02 (up from kr0.098 loss in 3Q 2023). Revenue: kr22.8m (up 29% from 3Q 2023). Net income: kr1.40m (up kr9.09m from 3Q 2023). Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Oct 09
Precise Biometrics to Showcase Its Security Solution Suite At Skydd 2024 Tradeshow Precise Biometrics will participate in Skydd 2024, the largest security tradeshow in the Nordics, taking place in Stockholm, October 22, - 24th. Precise Biometrics will showcase its latest security solutions for visitor management and biometric access as well as participate in two panel discussions on the role of biometrics in shaping the future of security. At Skydd 2024, Precise Biometrics will present its visitor management system, YOUNiQ Visit, its biometric access solution, YOUNiQ Access, and its biometric algorithm suite for facial, palm, and fingerprint authentication. These solutions are engineered to meet the evolving security needs of both physical and digital environments, ensuring enhanced protection and convenience for users in a safe and seamless everyday life. Announcement • Sep 16
Precise Biometrics AB (publ) Launches Anti-Tampering Software, Biolive, in New Verticals Precise Biometrics AB (publ) announced the launch of the embedded version of its next-generation AI-driven liveness and anti-tampering solution, BioLive. Building on the recent release of the mobile version, the embedded solution is now available, offering unmatched security across a broad range of verticals such as laptops and smart locks. Precise Biometrics is releasing BioLive's embedded version, which extends its robust security features beyond mobile devices, to include laptops, smart locks, vehicles, and other devices where the algorithm products are integrated directly into the device to optimize performance, power consumption and design. It enables seamless integration into a wider range of applications, delivering unparalleled security across platforms. BioLive provides real-time verification, adding an additional security layer to the high-end Precise BioMatch solution. BioLive ensures that biometric prints are authentic, minimizing the risk of unauthorized access, identity theft, spoofing and tampering. The upgraded BioLive product is built on a technology platform based on advanced AI and deep learning, resulting in substantial performance and security enhancements. Early assessments have shown up to a 50X performance boost from already high levels, further solidifying Precise's position as a leader in biometric security. BioLive's real-time anti-spoofing and liveness verification continue to serve as critical tools for high-security organizations, effectively mitigating risks, safeguarding sensitive information and preventing financial losses. Reported Earnings • Aug 18
Second quarter 2024 earnings released: kr0.07 loss per share (vs kr0.087 loss in 2Q 2023) Second quarter 2024 results: kr0.07 loss per share (improved from kr0.087 loss in 2Q 2023). Revenue: kr20.6m (up 15% from 2Q 2023). Net loss: kr5.57m (loss narrowed 18% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • May 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: kr22m Forecast net loss in 2 years: kr3.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr3.0m net loss in 2 years). Market cap is less than US$100m (kr134.3m market cap, or US$12.6m). Reported Earnings • May 16
First quarter 2024 earnings released: kr0.04 loss per share (vs kr0.15 loss in 1Q 2023) First quarter 2024 results: kr0.04 loss per share (improved from kr0.15 loss in 1Q 2023). Revenue: kr21.7m (up 13% from 1Q 2023). Net loss: kr2.97m (loss narrowed 57% from 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Breakeven Date Change • Apr 30
Forecast to breakeven in 2026 The analyst covering Precise Biometrics expects the company to break even for the first time. New forecast suggests losses will reduce by 49% per year to 2025. The company is expected to make a profit of kr5.00m in 2026. Average annual earnings growth of 74% is required to achieve expected profit on schedule. Reported Earnings • Apr 15
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: kr0.40 loss per share. Revenue: kr75.1m (down 18% from FY 2022). Net loss: kr26.4m (loss widened 19% from FY 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Sweden. Buy Or Sell Opportunity • Apr 12
Now 24% undervalued Over the last 90 days, the stock has risen 82% to kr2.04. The fair value is estimated to be kr2.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 7.1%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Announcement • Mar 22
Precise Biometrics Introduces Palm Recognition - A New Addition to Its Biometrics Portfolio Precise Biometrics launches a new product and biometric modality - palm recognition - that will complement the current modalities fingerprint and face recognition. Leveraging the same foundation and expertise as its renowned fingerprint algorithm, palm recognition further strengthens the company's unique position. The launch will enable Precise Biometrics to address even more customers and use-cases and is expected to contribute to increasing sales across verticals. This new addition of palm recognition marks a significant milestone in Precise Biometrics' development and extends its biometric suite beyond the existing offering of fingerprint and facial recognition. Palm recognition will be available as a software algorithm product as well as seamlessly integrated into the company's biometric access management (YOUNiQ Access) and visitor management (YOUNiQ Visit) products. Palm recognition combines high security with improved usability and offers several distinct advantages. With touchless interaction, users can enjoy a hygienic and convenient authentication process. Its clear intent and seamless user experience ensure rapid and reliable authentication, enhancing security without compromising user convenience. Some important use cases include access control, visitor management and payments. Adding palm recognition to the company's biometric suite also provides important multifactor biometric authentication (MFA) solutions by enabling combinations of different biometric modalities. The flexibility of MFA enhances security levels even further and provides organizations with customizable authentication and identification options tailored to their specific needs. The solution is touchless and at the same time device agnostic, meaning that users can be securely identified by an IP camera, tablet or a palm recognition device that is able to take a photo with the correct characteristics. One of Precise Biometrics' initial development partners in the area of palm recognition is Hand.ID, an American company offering specific palm recognition readers. Reported Earnings • Feb 18
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: kr0.34 loss per share. Revenue: kr75.1m (down 18% from FY 2022). Net loss: kr26.4m (loss widened 19% from FY 2022). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Sweden. New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swedish stocks, typically moving 9.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Market cap is less than US$10m (kr76.5m market cap, or US$7.36m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr13m net loss in 2 years). Share price has been volatile over the past 3 months (9.1% average weekly change). Announcement • Dec 22
Precise Biometrics AB (Publ) Announces Resignation of Annika Freij as CFO in 2024 Precise Biometrics AB (publ) announced that CFO Annika Freij has her intention to take on new challenges outside the company and will thus leave the position of CFO in 2024. Annika will remain in her role during her notice period of 6 months. A recruitment process to find a new CFO has been initiated. Announcement • Nov 15
Precise Biometrics AB (publ), Annual General Meeting, May 22, 2024 Precise Biometrics AB (publ), Annual General Meeting, May 22, 2024. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 9.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 9.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (67% increase in shares outstanding). Market cap is less than US$10m (kr72.7m market cap, or US$6.85m). Reported Earnings • Nov 13
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: kr0.10 loss per share. Revenue: kr17.7m (down 5.8% from 3Q 2022). Net loss: kr7.70m (loss widened 3.4% from 3Q 2022). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden. Buying Opportunity • Nov 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be kr1.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.2% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 46% in 2 years. Earnings is forecast to grow by 75% in the next 2 years. Announcement • Nov 01
Precise Biometrics AB (publ) to Report Q1, 2024 Results on May 14, 2024 Precise Biometrics AB (publ) announced that they will report Q1, 2024 results on May 14, 2024 Announcement • Oct 26
Precise Biometrics Appoints Henrik Winberg to the Role of CCO for the Algo Business Area Precise Biometrics has recruited Henrik Winberg to the role of CCO for the Algo business area. Henrik will also become part of the management team for Precise Biometrics. Henrik was most recently employed by the tech company Dlaboratory Sweden AB (dLAB), where he held roles such as COO and Head of Sales. In addition to dLAB, Henrik Winberg has over fifteen years of combined experience in international sales and business development of high-tech products. His previous employers include Crunchfish, Texas Instruments and Saab Bofors Dynamics. Henrik Winberg has a civil engineering degree in technical physics and electronics from Linköping University. Announcement • Aug 28
Precise Biometrics AB Announces CEO Changes Precise Biometrics AB (publ) announced Pabtrick Höijer leaves the role as CEO at his own request. The Board of Directors of Precise has appointed Joakim Nydemark, former Executive Vice President and CCO Algo, as CEO, who will assume the position on 28 August 2023. Joakim Nydemark, born 1971, has extensive sector experience within tech, software, and telecom with previous leading positions at companies such as Crunchfish, Anoto, TAT, and Teleca/Obigo. Joakim is a Board member of Crunchfish AB (publ) and holds an MSc in Electrical Engineering from Lund University. Patrick Höijer will during the six-month notice period be at the disposal of Precise, supporting the company in a transition phase. No severance payment will be made. Reported Earnings • Aug 16
Second quarter 2023 earnings: Revenues miss analyst expectations Second quarter 2023 results: Revenue: kr17.9m (down 27% from 2Q 2022). Net loss: kr6.80m (loss widened 58% from 2Q 2022). Revenue missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Sweden. Breakeven Date Change • Aug 14
No longer forecast to breakeven The analyst covering Precise Biometrics no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr1.50m in 2025. New forecast suggests the company will make a loss of kr4.00m in 2025. New Risk • Jul 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 95% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (95% increase in shares outstanding). Market cap is less than US$10m (kr102.1m market cap, or US$9.31m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr5.5m net loss in 2 years). Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • May 15
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: kr0.15 loss per share (further deteriorated from kr0.029 loss in 1Q 2022). Revenue: kr19.2m (down 32% from 1Q 2022). Net loss: kr6.94m (loss widened 497% from 1Q 2022). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 7.1%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 18 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 09
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: kr0.54 loss per share (further deteriorated from kr0.37 loss in FY 2021). Revenue: kr91.0m (up 9.2% from FY 2021). Net loss: kr22.2m (loss widened 65% from FY 2021). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 26 percentage points per year, which is a significant difference in performance. Buying Opportunity • Apr 04
Now 41% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be kr4.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 96% in the next 2 years. Buying Opportunity • Mar 16
Now 22% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be kr4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.9% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 51% in 2 years. Earnings is forecast to grow by 96% in the next 2 years. Reported Earnings • Feb 19
Full year 2022 earnings released: kr0.56 loss per share (vs kr0.37 loss in FY 2021) Full year 2022 results: kr0.56 loss per share (further deteriorated from kr0.37 loss in FY 2021). Revenue: kr91.0m (up 9.2% from FY 2021). Net loss: kr22.2m (loss widened 65% from FY 2021). Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Software industry in Sweden. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Announcement • Feb 17
Precise Appoints Joakim Nydemark to EVP and CCP Algo The Board of Directors of Precise has appointed Joakim Nydemark to EVP and CCP Algo for Precise. Joakim comes most recently from the tech company Crunchfish and the role as COO and CEO of the subsidiary Crunchfish Gesture Interaction AB. Joakim Nydemark succeeds Fredrik Sjöholm, who has been appointed as CEO of another company. In addition to Crunchfish, Joakim Nydemark has extensive experience from senior management positions at small and medium-sized technology companies such as Anoto, TAT AB and Teleca /Obigo. Joakim Nydemark is a board member in Crunchfish Digital Cash AB and has an MSc in Electrical Engineering from Lund University.Joakim Nydemark will assume his position no later than June 1, 2023. Announcement • Feb 01
Precise Biometrics AB (publ) to Report Q2, 2023 Results on Aug 15, 2023 Precise Biometrics AB (publ) announced that they will report Q2, 2023 results on Aug 15, 2023 Major Estimate Revision • Nov 18
Consensus revenue estimates fall by 17% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from kr118.0m to kr98.0m. Forecast losses increased from -kr0.10 to -kr0.37 per share. Software industry in Sweden expected to see average net income growth of 40% next year. Consensus price target of kr14.50 unchanged from last update. Share price fell 7.6% to kr4.63 over the past week. Reported Earnings • Nov 16
Third quarter 2022 earnings released: kr0.19 loss per share (vs kr0.081 loss in 3Q 2021) Third quarter 2022 results: kr0.19 loss per share (further deteriorated from kr0.081 loss in 3Q 2021). Revenue: kr18.8m (up 11% from 3Q 2021). Net loss: kr7.45m (loss widened 156% from 3Q 2021). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 34% per year and the company’s share price has also fallen by 34% per year. Reported Earnings • Nov 13
Third quarter 2022 earnings released: kr0.19 loss per share (vs kr0.081 loss in 3Q 2021) Third quarter 2022 results: kr0.19 loss per share (further deteriorated from kr0.081 loss in 3Q 2021). Revenue: kr18.8m (up 11% from 3Q 2021). Net loss: kr7.45m (loss widened 156% from 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Software industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 34% per year and the company’s share price has also fallen by 34% per year. Major Estimate Revision • Nov 09
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 expected loss increased from -kr0.08 to -kr0.10 per share. Revenue forecast unchanged at kr118.0m. Software industry in Sweden expected to see average net income growth of 49% next year. Consensus price target of kr14.50 unchanged from last update. Share price fell 4.7% to kr4.78 over the past week. Reported Earnings • Aug 14
Second quarter 2022 earnings released: kr0.11 loss per share (vs kr0.13 loss in 2Q 2021) Second quarter 2022 results: kr0.11 loss per share (up from kr0.13 loss in 2Q 2021). Revenue: kr24.6m (up 32% from 2Q 2021). Net loss: kr4.31m (loss narrowed 7.2% from 2Q 2021). Over the next year, revenue is forecast to grow 35%, compared to a 33% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. Independent Director Åsa Schwarz was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 14
First quarter 2022 earnings released First quarter 2022 results: Revenue: kr28.3m (up 39% from 1Q 2021). Net loss: kr1.16m (loss narrowed 66% from 1Q 2021). Over the next year, revenue is forecast to grow 33%, compared to a 41% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target decreased to kr1.40 Down from kr1.65, the current price target is provided by 1 analyst. New target price is 55% above last closing price of kr0.90. Stock is down 31% over the past year. The company is forecast to post earnings per share of kr0 next year compared to a net loss per share of kr0.037 last year. Reported Earnings • Apr 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: kr0.037 loss per share (down from kr0.034 loss in FY 2020). Revenue: kr83.3m (down 9.8% from FY 2020). Net loss: kr13.4m (loss widened 11% from FY 2020). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the next year, revenue is forecast to grow 39%, compared to a 54% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 26
Price target decreased to kr1.40 Down from kr1.65, the current price target is provided by 1 analyst. New target price is 27% above last closing price of kr1.10. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of kr0 next year compared to a net loss per share of kr0.037 last year. Reported Earnings • Feb 21
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: kr0.037 loss per share (down from kr0.034 loss in FY 2020). Revenue: kr83.3m (down 9.8% from FY 2020). Net loss: kr13.4m (loss widened 11% from FY 2020). Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) exceeded analyst estimates by 33%. Over the next year, revenue is forecast to grow 43%, compared to a 16% growth forecast for the industry in Sweden. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jan 26
Consensus revenue estimates increase by 11% The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from kr80.0m to kr88.5m. Forecast losses expected to reduce from -kr0.04 to -kr0.03 per share. Electronic industry in Sweden expected to see average net income growth of 63% next year. Consensus price target of kr1.66 unchanged from last update. Share price fell 8.4% to kr1.15 over the past week. Executive Departure • Aug 25
Chief Financial Officer Ulrik Nilsson has left the company On the 19th of August, Ulrik Nilsson's tenure as Chief Financial Officer ended after 2.9 years in the role. As of June 2021, Ulrik still personally held 400.00k shares (kr450k worth at the time). Ulrik is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.96 years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: kr0.01 loss per share (vs kr0.004 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: kr18.7m (down 21% from 2Q 2020). Net loss: kr4.64m (loss widened 211% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
First quarter 2021 earnings released: kr0.01 loss per share (vs kr0.001 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: kr20.3m (down 12% from 1Q 2020). Net loss: kr3.46m (down kr3.78m from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 11
New 90-day high: kr1.27 The company is up 20% from its price of kr1.06 on 11 December 2020. The Swedish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period. Reported Earnings • Feb 18
Full year 2020 earnings released: kr0.03 loss per share (vs kr0.003 profit in FY 2019) The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: kr92.3m (flat on FY 2019). Net loss: kr12.2m (down kr13.2m from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 18
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 200%. Over the next year, revenue is forecast to grow 20%, compared to a 9.6% growth forecast for the Electronic industry in Sweden. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 16% share price gain to kr1.26, the stock is trading at a trailing P/E ratio of 45.1x, up from the previous P/E ratio of 39x. This compares to an average P/E of 36x in the Electronic industry in Sweden. Total return to shareholders over the past three years is a loss of 4.7%. Recent Insider Transactions • Dec 16
Chief Financial Officer recently bought kr53k worth of stock On the 14th of December, Ulrik Nilsson bought around 50k shares on-market at roughly kr1.06 per share. In the last 3 months, there was an even bigger purchase from another insider worth kr54k. Ulrik has been a buyer over the last 12 months, purchasing a net total of kr106k worth in shares. Is New 90 Day High Low • Dec 15
New 90-day low: kr1.04 The company is down 17% from its price of kr1.25 on 15 September 2020. The Swedish market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. Recent Insider Transactions • Dec 03
Chief Executive Officer recently bought kr54k worth of stock On the 1st of December, Stefan Persson bought around 50k shares on-market at roughly kr1.07 per share. This was the largest purchase by an insider in the last 3 months. This was Stefan's only on-market trade for the last 12 months. Reported Earnings • Nov 14
Third quarter 2020 earnings released: kr0.01 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: kr23.2m (down 16% from 3Q 2019). Net loss: kr2.17m (down 168% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 14
Revenue and earnings miss expectations Revenue missed analyst estimates by 13%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is expected to shrink by 1.9% compared to a 5.4% growth forecast for the Electronic industry in Sweden. Is New 90 Day High Low • Nov 13
New 90-day low: kr1.15 The company is down 17% from its price of kr1.38 on 14 August 2020. The Swedish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: kr1.18 The company is down 13% from its price of kr1.35 on 30 July 2020. The Swedish market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 13% over the same period. Is New 90 Day High Low • Oct 13
New 90-day low: kr1.21 The company is down 11% from its price of kr1.36 on 15 July 2020. The Swedish market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 20% over the same period.