Precise Biometrics Full Year 2024 Earnings: kr0.11 loss per share (vs kr0.40 loss in FY 2023)
Precise Biometrics (STO:PREC) Full Year 2024 Results
Key Financial Results
- Revenue: kr86.9m (up 16% from FY 2023).
- Net loss: kr8.43m (loss narrowed by 68% from FY 2023).
- kr0.11 loss per share (improved from kr0.40 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Precise Biometrics Earnings Insights
The primary driver behind last 12 months revenue was the Biometric Technologies segment contributing a total revenue of kr65.4m (75% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to kr33.0m (46% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of kr982.0k. Explore how PREC's revenue and expenses shape its earnings.
Looking ahead, 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.
Performance of the Swedish Software industry.
The company's shares are up 4.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for Precise Biometrics you should be aware of, and 1 of them is a bit unpleasant.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OM:PREC
Precise Biometrics
Operates in the field of cybersecurity and biometric solutions in Sweden, Taiwan, China, the United States, and internationally.
Flawless balance sheet with low risk.
Market Insights
Weekly Picks
Early mover in a fast growing industry. Likely to experience share price volatility as they scale
A case for CA$31.80 (undiluted), aka 8,616% upside from CA$0.37 (an 86 bagger!).
Moderation and Stabilisation: HOLD: Fair Price based on a 4-year Cycle is $12.08
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