NEW GROUP EXECUTIVE TEAM AND POSITIVE EBITDA IN Q4

 
FOURTH QUARTER  
 

• Net sales totaled SEK 20.3 (19.3) million.
• EBITDA totaled SEK 0.6 (-2.0) million.
• The operating profit/loss for the quarter totaled SEK -5.4 (-7.8) million.
• Earnings for the period totaled SEK -5.0 (-9.3) million.
• Earnings per share totaled SEK -0.1 (-0.2).
• Cash flow from operations totaled SEK -2.8 (0.3) million.
• Cash and cash equivalents totaled SEK 47.5 (46.4) million.
• ARR (Annual Recurring Revenue) at the end of the period SEK 18.3 (16.2 million).
   

FULL-YEAR PERIOD, JANUARY-DECEMBER  
 

• Net sales totaled SEK 75.1 (91.0) million.
• EBITDA totaled SEK -1.7 (1.1) million.
• The operating profit/loss totaled SEK -26.5 (-20.0) million.
• Earnings for the period totaled SEK -26.4 (-22.2) million.
• Earnings per share totaled SEK -0.3 (-0.5).
• Cash flow from operations totaled SEK -10.8 (3.9) million.
• Cash and cash equivalents totaled SEK 47.5 (46.4) million.
• ARR (Annual Recurring Revenue) at the end of the period SEK 18.3 (16.2 million).
   

SIGNIFICANT EVENTS DURING THE QUARTER  
 

• Precise Biometrics entered into an agreement with SystemHouse Solutions. The agreement involves SystemHouse Solutions acting as a distributor of YOUNiQ Access as an option in Integra, its intelligent access control and intruder alarm system.
• Henrik Winberg was recruited to the role of Chief Commercial Officer (CCO) for the Biometric Technologies business area (formerly Algo). Henrik will also be part of the group executive team for Precise Biometrics.
• Sarandis Kalogeropoulos was appointed CCO for the Digital Identity business area, and will be part of the group executive team for Precise Biometrics.
• Fredrik André was recruited as Chief Marketing Officer (CMO) for Precise Biometrics. Fredrik will be part of the group executive team for Precise Biometrics.
• On December 21, Precise Biometrics’ CFO Annika Freij announced her intention to seek new challenges outside the company in 2024. Annika will remain in her role during her period of notice period, which lasts 6 months. A recruitment process to find a new CFO has been initiated.

 
SIGNIFICANT EVENTS AFTER THE QUARTER  
 

• Precise Biometrics participated in the world’s largest electronics fair, the Consumer Electronics Show (CES), in the USA on January 9th-12th, 2024. In collaboration with the German semiconductor giant Infineon, the company demonstrated future solutions for biometric driver identification in the automotive industry.
• Precise Biometrics has signed an agreement in respect of a dedicated sales team in Amsterdam for targeting customers in order to acquire market shares for YOUNiQ Visit, the company’s visitor system. The team will initially target the market in the Netherlands, and then the other Benelux countries.

 
INTERACTIVE PRESENTATION OF YEAR-END REPORT AND INVITATION TO Q&A  
 
Precise Biometrics has published a video in connection with today’s interim report, which includes interviews with CEO Joakim Nydemark and CFO Annika Freij, and is available on the Investor Relations page here:
https://precisebiometrics.com/investors/
 
The material in the video is designed to complement the report and provide additional depth and better understanding of the stock market for the company’s business operations.
 
The company also invites you to a live Q&A that starts at 10:00 AM (CET) on February 16, 2024.  
 
To take part in the Q&A session, access it via the interactive video player on the Investor Relations page here:
https://precisebiometrics.com/investors/
 
Questions can be asked directly in the chat function in the interactive player or submitted in advance to investor@precisebiometrics.com.
 
Participating on behalf of Precise Biometrics:

• Joakim Nydemark, CEO  
• Annika Freij, CFO

 The video is in Swedish with English subtitles and the Q&A will be held in English.

JOAKIM NYDEMARK, CEO, COMMENTS: 
 
“The fourth quarter (Q4) of 2023 was characterized by intensive customer targeting and sales activities, as well as further strengthening of the group executive team, which combine to create the conditions for an exciting 2024. We are particularly pleased to report a positive operating profit before depreciation (EBITDA) for Q4, and that our visitor management system – YOUNiQ Visit (EastCoast Visit) – had its best quarter so far in terms of sales, which means that we continue to increase our annual recurring revenue (ARR). We have also made continued progress in the automotive industry in collaboration with Infineon Technologies and have won several new projects in the Biometric Technologies (formerly Algo) business area. The fact that we end the year with a Q4 result that indicates growth is particularly positive, and something we see as an indication of a favorable turnaround in the market.”