Precise Biometrics: Better conditions appear to be ahead - ABG
Seemingly leaving the trough behind
'24e-'25e sales up 2%
'24e EV/EBITDA of 5x
No surprises - report in line with expectations
Q4'23 was broadly in line with our expectations on both sales and EBITDA. The Algo segment is still adversely impacted by overstocked OEMs, but it is nevertheless improving. Digital Identity grew its ARR 3% sequentially to SEK 18.3m. While Digital Identity is still in a nascent stage, we can see Precise Biometrics benefit from operating this segment once appropriate sales channels and partnerships are fully established.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/Precise-Biometrics/Equity-research/2024/2/precise-biometrics---better-conditions-appear-to-be-ahead/