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Third party research

Precise Biometrics: Lower growth, better profitability - VH Corp

Precise Biometrics

This is a third party research report and does not necessarily reflect our views or values

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• Net sales below estimates, diligent cost control improves profitability
• Activities to increase growth continues
• Adjustments lead to a lower fair value of SEK 6.32 (7.25) per share

Despite lower sales, Precise Biometrics (Precise) reported a positive EBITDA for the quarter of MSEK 4.4. Revenue came in at MSEK 20.0 and costs decreased to MSEK 15.8. The company is still affected by the weak US dollar and a continued cautious market situation. The sales development has been flat since the start of the year, raising concerns among investors.
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