YEAR-END REPORT FOR THE PERIOD JANUARY TO
FOURTH QUARTER
- Net sales totaled
SEK 27.4 (22.5) million. - EBITDA totaled
SEK 1.7 (0.7) million. - The operating profit/loss totaled SEK –2.7 (–2.6) million.
- Earnings for the period totaled SEK –2.4 (–8.8) million.
- Earnings per share totaled SEK –0.01 (–0.02).
- Cash flow from operating activities totaled
SEK 3.2 (12.2) million.
FULL-YEAR PERIOD, JANUARY-DECEMBER
- Net sales totaled
SEK 83.3 (92.3) million. - EBITDA totaled
SEK 1.9 (6.9) million. - The operating profit/loss totaled SEK –14.1 (–5.8) million.
- Earnings for the period totaled SEK –13.4 (–12.2) million.
- Earnings per share totaled SEK –0.04 (–0.03).
- Cash flow from operating activities totaled SEK –1.5 (21.9) million.
SIGNIFICANT EVENTS DURING THE QUARTER
- Successful integration of YOUNiQ with the security platform Integra.
- Precise signed and completed the acquisition of EastCoast Solutions for acceleration in the SaaS business area Digital Identity.
- Precise paid
SEK 18 million in cash in the first installment of the acquisition together with a share issue corresponding to an amount ofSEK 6.5 million . - As part of the financing of the acquisition of EastCoast Solutions, Precise completed a directed issue to Swedish and international professional investors and family offices, for an amount of
SEK 23 million . - Precise signed two commercial licensing agreements with two Original Design Manufacturers (ODMs) to provide fingerprint technology, Precise BioMatch, to the automotive industry.
SIGNIFICANT EVENTS AFTER THE END OF THE FULL-YEAR PERIOD
- Precise entered into a partnership agreement with
Infineon Technologies to provide fingerprint technology, Precise BioMatch, to the automotive industry. - Precise entered into a partnership with
Certego regarding the integration of YOUNiQ in their security services. - The first installation of YOUNiQ for remote control of electricity and heating for
Algeco in Kiruna. - The Board of Directors of Precise has appointed
Patrick Höijer as the new CEO of the company, taking office no later thanJune 1, 2022 .
FINANCIAL DATA AND
Amounts in SEK thousands unless otherwise stated
2021 | 2020 | 2021 | 2020 | |
Amounts in SEK thousands unless otherwise stated | Q4 | Q4 | Full-Year | Full-Year |
Net sales | 27 434 | 22 494 | 83 319 | 92 349 |
Net sales growth, % | 22,0% | -42,0% | -9,8% | 0,5% |
EBITDA | 1 666 | 703 | 1 872 | 6 862 |
Gross margin, % | 77,4% | 84,7% | 76,3% | 84,2% |
Operating profit/loss | -2 693 | -2 625 | -14 073 | -5 792 |
Operating margin, % | -9,8% | -11,7% | -16,9% | -6,3% |
Cash flow from the operating activities | 3 156 | 12 215 | -1 493 | 21 896 |
Cash and cash equivalents | 64 102 | 76 258 | 64 102 | 76 258 |
See the Financial Glossary for definitions.
INVITATION TO PRESENTATION OF THE YEAR-END REPORT
In connection with today’s year-end report, Precise invites investors and the media to an informational conference call.
The conference call starts at
Link to all public information such as link to webcast and participant number for the telephone conference:
https://financialhearings.com/event/43357
To take part, click on the link above to listen to and follow the presentation online, or call one of the following numbers to follow by phone.
SE: +46856642692
US: +16467224902
You will be asked to state your name when you connect to the conference call, and there will be an opportunity to ask questions in Swedish. The conference call will be held in English.
Participating on behalf of Precise:
Stefan K Persson, CEO
CEO COMMENTS
2021 was an eventful year in which we made great progress within Digital Identity and Algo. At the end of the year we acquired EastCoast Solutions, a leading provider of visitor management systems, and we completed several successful YOUNiQ installations, including the first for
Through the acquisition of EastCoast, we have increased our base of recurring revenues (ARR) with good profitability, and through our SaaS model we have ARR around
As in the first nine months of 2021, the fourth quarter was also characterized by a continued component shortage among our customers, which had a negative impact on royalty revenues in Algo. We were also burdened by an increase in administrative costs attributable to the acquisition of EastCoast. Despite this, we achieved an EBITDA of
We have continued to focus on strategic partnerships. After the end of the quarter, we entered into a partnership with
It has been a strong conclusion to an active and eventful year in which we continued to accelerate in Digital Identity while at the same time expanding the application areas in Algo. I would like to thank our shareholders, partners and employees for having been part of this Precise journey thus far. I am convinced that my successor will continue to advance the company’s positions as a leading global provider of identification software in which YOU are the key.
Stefan K Persson, CEO
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