Precise Biometrics Third Quarter 2023 Earnings: Misses Expectations

Precise Biometrics (STO:PREC) Third Quarter 2023 Results

Key Financial Results

• Revenue: kr17.7m (down 5.8% from 3Q 2022).
• Net loss: kr7.70m (loss widened by 3.4% from 3Q 2022).
• kr0.10 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Precise Biometrics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 14% 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 9.2% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Precise Biometrics.

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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.