Precise Biometrics: Solid commercial activity despite headwinds - ABG
Sales SEK 19.3m, -16% vs. ABGSCe SEK 22.8m
EBITDA SEK -2.0m vs. ABGSCe SEK -2.3m
We anticipate slightly neg. cons. est. revisions
Q4 results
Sales came in at SEK 19.3m (-16% vs. ABGSCe 22.8m), implying a y-o-y decline of -30%. The company delivered an EBITDA of SEK -2.0m (vs. ABGSCe -2.3m), and an EBIT of SEK -7.8m (vs. ABGSCe -5.9m). The fourth quarter results were somewhat below what we had expected with respect to sales, but importantly, the company exercises solid cost control as smartphone demand is at a low point.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/Precise-Biometrics/Equity-research/2023/2/precise-biometrics---solid-commercial-activity-despite-headwinds/