Precise Biometrics (PREC) Q2 2026 earnings summary

Executive summary

• Completed merger with Fingerprint Cards AB (FPC) after the reporting period, creating a stronger, more comprehensive biometrics company.

• Integration and cost synergy realization underway, with one-third of SEK 45 million annual synergies already executed.

• Rights issue of SEK 100 million completed post-period to support integration and growth.

• Challenging market conditions impacted mobile segment, but recurring revenues and strategic focus areas showed positive development.

Financial highlights

• Q2 net sales: SEK 14.7 million, down 29.2% year-over-year; interim period net sales: SEK 31.8 million, down 22.0%.

• Q2 EBITDA: SEK -6.5 million; adjusted EBITDA: SEK -4.7 million (excluding SEK 1.8 million merger costs).

• Q2 operating loss (EBIT): SEK -10.8 million; adjusted EBIT: SEK -9.1 million.

• Interim period EBITDA: SEK -7.9 million; adjusted EBITDA: SEK -4.1 million.

• Interim period operating loss (EBIT): SEK -16.7 million; adjusted EBIT: SEK -12.9 million.

• Q2 earnings per share: SEK -0.13; interim period: SEK -0.20.

• Q2 cash flow from operations: SEK 3.3 million; interim period: SEK 7.2 million.

• Cash and cash equivalents at period end: SEK 18.9 million.

• Gross margin Q2: 67.3%; interim period: 69.7%.

• Annual Recurring Revenue (ARR) at period end: SEK 19.1 million, up from SEK 18.2 million year-over-year.

Outlook and guidance

• Integration of FPC expected to be completed by year-end, with full synergy realization.

• Focus on profitable growth, leveraging expanded product portfolio and recurring revenue streams.

• Market remains challenging, especially in low-price mobile segment, but long-term demand for biometric security and digital identity is strong.