Stock Analysis
Precise Biometrics (STO:PREC) Full Year 2023 Results
Key Financial Results
- Revenue: kr75.1m (down 18% from FY 2022).
- Net loss: kr26.4m (loss widened by 19% from FY 2022).
- kr0.40 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Precise Biometrics Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.9%.
Looking ahead, 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.
Performance of the Swedish Software industry.
The company's shares are down 24% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for Precise Biometrics (2 can't be ignored) you should be aware of.
Valuation is complex, but we're helping make it simple.
Find out whether Precise Biometrics is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About OM:PREC
Precise Biometrics
Precise Biometrics AB (publ) offers identification software for the secure authentication of people’s identity in Sweden, Taiwan, Denmark, Finland, Norway, and internationally.
Undervalued with excellent balance sheet.