Year-end report Jan - Dec 2024
FOURTH QUARTER
- Net sales totaled SEK 21.8 (20.3) million
- EBITDA totaled SEK 3.4 (0.6) million
- Cash flow from operating activities totaled SEK 5.8 (-2.8) million
- The operating profit/loss (EBIT) totaled SEK -2.1 (-5.4) million
- Earnings for the period totaled SEK -1.3 (-5.0) million
- Earnings per share before and after dilution totaled SEK -0.02 (-0.06)
- ARR (Annual Recurring Revenue) at the end of the period was SEK 19.0 (18.3) million
FULL-YEAR PERIOD, JANUARY-DECEMBER
- Net sales totaled SEK 86.9 (75.1) million
- EBITDA totaled SEK 13.4 (-1.7) million
- Cash flow from operating activities totaled SEK 10.1 (-10.8) million
- The operating profit/loss (EBIT) totaled SEK -9.4 (-26.5) million
- Earnings for the period totaled SEK -8.4 (-26.4) million
- Earnings per share before and after dilution totaled SEK -0.11 (-0.34)
- ARR (Annual Recurring Revenue) at the end of the period was SEK 19.0 (18.3) million
SIGNIFICANT EVENTS DURING THE QUARTER
- New functionality in YOUNiQ Visit
- New initiatives to accelerate growth in visitor management systems
- New agreement with Crunchfish in respect of software for hand gestures
- Security solutions showcased at Skydd 2024
- Automotive solutions presented at the Infineon Preferred Design House event
SIGNIFICANT EVENTS AFTER THE END OF THE INTERIM PERIOD
- Xiaomi introduces new smart safe powered by technology from Precise Biometrics
- Västra Hamnen Corporate Finance initiates coverage of Precise Biometrics
PRESENTATION & Q&A
Precise Biometrics has published a video interview with CEO Joakim Nydemark in connection with today's report. The interview is designed to complement the report and provide additional depth and insight for the stock market to better understand the company's operations. The video is available on the investor relations page: https://precisebiometrics.com/investors/
The company also invites you to a live Q&A session on February 13, 2025, at 13:00 (CET). More information and a registration link to the session can be found on the investor relations page: https://precisebiometrics.com/investors/
Questions can be asked directly in the chat during the session or submitted in advance to investor@precisebiometrics.com.
JOAKIM NYDEMARK, CEO, COMMENTED:
"We close 2024 with our fifth consecutive quarter of growth and positive EBITDA - clear proof that our strategy is working. With an annual revenue increase of 15.7% and an EBITDA of 13.4 MSEK, we have strengthened our position in a challenging market. Our growth journey has only just begun, and we continue to see strong demand for both our biometric algorithm solutions for the mobile and the automotive industry, as well as our packaged solutions for visitor management and physical access in corporate and industrial settings. With a strong offering, strategic partnerships, and a sharp focus on commercial execution, we are well positioned for 2025 - a year where we will continue to prioritize profitable growth and innovation."
Contacts
Joakim Nydemark, CEO
E-mail: joakim.nydemark@precisebiometrics.com
About Us
Precise Biometrics AB (publ) ("Precise"), is a global pioneer in biometrics and cybersecurity. The biometric recognition solution suite today includes fingerprint, face, and palm recognition algorithm products along with turnkey solutions for visitor management (YOUNiQ Visit by EastCoast) and biometric access management (YOUNiQ Access).
Precise's premium biometric recognition solutions is used in mobiles, laptops, security tokens and smart looks, as well as automotive applications for in-car payments, driver authentication, and personalized settings and access. Precise also offer visitor management and physical biometric access control solutions.
Precise operates through two business units, Digital Identity and Biometric Technologies, and the company has offices in Lund (HQ) and Stockholm, Sweden, Potsdam NY, USA, Seoul, South Korea, Taipei, Taiwan, and Shanghai, China. Precise is a public company with shares listed on Nasdaq Stockholm (PREC). Learn more at www.precisebiometrics.com.
This information is information that Precise Biometrics is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-02-13 08:00 CET.
