Precise Biometrics AB: Positive Momentum For Long-term Growth

INTERIM REPORT FOR THE PERIOD JANUARY TO JUNE 2024

SECOND QUARTER?

• Net sales totaled SEK 20.6 (17.9) million?

• EBITDA totaled SEK 0.1 (-0.6) million?

• The operating profit/loss for the quarter totaled SEK -5.7 (-6.9) million?

• Earnings for the period totaled SEK -5.6 (-6.8) million??

• Earnings per share totaled SEK -0.07 (-0.09)?

• Cash flow from operations totaled SEK 3.9 (5.4) million?

• ARR (Annual Recurring Revenue) at the end of the period was SEK 18.6 (17.8) million.
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INTERIM PERIOD?

• Net sales totaled SEK 42.3 (37.0) million?

• EBITDA totaled SEK 3.2 (-1.2) million?

• The operating profit/loss totaled SEK -8.5 (-13.8) million?

• Earnings for the period totaled SEK -8.5 (-13.7) million??

• Earnings per share totaled SEK -0.11 (-0.18)?

• Cash flow from operations totaled SEK 1.0 (-0.4) million?

• ARR (Annual Recurring Revenue) at the end of the period was SEK 18.6 (17.8) million.?
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SIGNIFICANT EVENTS DURING THE QUARTER?

• Demonstrated biometric recognition solutions at ISC West and Embedded World?

• Extended partnership with Flowscape Technology and new customer agreement?

• Upgraded AI-driven anti-tampering and liveness solution

• CEO Joakim Nydemark presented at Redeye Growth Day 2024??

• Maria Wester recruited as new Chief Financial Officer (CFO) and member of the management team.?

• Stronger commitment to ultrasonic fingerprint solutions. ?
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SIGNIFICANT EVENTS AFTER THE END OF THE INTERIM PERIOD??

• No significant events after the end of the quarter.??
  

PRESENTATION AND Q&A?

Precise Biometrics has published a video interview with CEO Joakim Nydemark in which he comments on the report. The video is available on the Investor Relations page: https://precisebiometrics.com/investors/.??

The video is designed to complement the report and provide additional depth and better understanding on the financial markets for the company's business operations.?

The company also invites you to a LIVE Q&A that starts at 13:00 AM (CET) on August 16, 2024, which can be reach here:
https://www.youtube.com/watch?v=mJDhIkUkitQ

Questions can be asked directly in the chat function or submitted in advance to [e-mail]?

The video and live Q&A will be held in Swedish, but it is possible to ask questions and get answers in English as well.

JOAKIM NYDEMARK, CEO, COMMENTS:

"The second quarter has seen further steps forward on our commercialization journey. Several new and exciting customer projects with partners involving our algorithm products have been launched, with production and revenue expected in the second half of the year and beyond. The investment in the Netherlands is starting to generate revenue and our updated offerings for increased security with BioLive and multi-factor authentication have been well received by both new and existing customers.
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We continue to show an operating profit before depreciation (EBITDA) for the third quarter in a row; SEK 3.2 (-1.2) million for the first half of 2024. Net sales were also up year-on-year in the first half of 2024 to SEK 42.3 (37.0) million. Sales costs increased in the second quarter compared to the first, an effect brought about by investments in marketing and sales that impacts EBITDA. We are confident that these well-balanced initiatives will have a positive effect on net sales going forward."?

Contacts

Joakim Nydemark, CEO
E-mail: [e-mail]

About Us

Precise Biometrics AB (publ) ("Precise"), is a global pioneer in biometric IT security solutions. The biometric recognition solution suite today includes fingerprint, face, and palm recognition algorithm products along with turnkey solutions for visitor management (YOUNiQ Visit - EastCoast Visit in Sweden) 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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-08-16 08:00 CEST.