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Precise Biometrics AB (PREC.ST)

PREC.ST on Stockholm Stock Exchange

2.82SEK
26 May 2017
Change (% chg)

0.07kr (+2.55%)
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2.75kr
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2.82kr
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2.67kr
Volume
860,576
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Latest Key Developments (Source: Significant Developments)

Precise Biometrics says AGM resolved that no dividends should be paid for 2016
Tuesday, 16 May 2017 12:45pm EDT 

May 16 (Reuters) - Precise Biometrics Ab ::was resolved at agm that no dividends should be paid for financial year of 2016.  Full Article

Precise Biometrics swings to operating loss in Q1
Tuesday, 16 May 2017 02:00am EDT 

May 16 (Reuters) - Precise Biometrics :Q1 net sales for period totaled SEK 19.2 (24.2) million.Q1 operating profit/loss for period totaled SEK -2.7 (6.3) million.CEO: "I am not satisfied with the company’s negative operating result. It is a consequence of the ongoing revenue transition that we are carrying out at the same time as we are investing in our business for growth and a future positive revenue development .Says view of revenue development during year remains unchanged.Sees net sales for the full year on par with net sales in 2016.  Full Article

Precise Biometrics core profit falls to SEK 3.8 mln, sees flat 2017 sales
Tuesday, 14 Feb 2017 02:00am EST 

Precise Biometrics Ab : Continued growth and strategic acquisition . Q4 consolidated net sales increased to SEK 25.7 (23.5) million. . Q4 operating profit before depreciation (EBITDA) totaled SEK 3.8 (6.7) million. . Q4 cash flow from operations improved to SEK 11.8 (8.8) million . Says expects net sales for full year to be in line with net sales for 2016 . Says anticipates a weaker revenue development during the first half of the year because of reduced revenues from FPC . Says expects gradually increasing volumes starting from the second half of the year .CEO says "I am confident that Precise Biometrics thereafter will continue to have a high growth considering our position in the market.".  Full Article

Precise Biometrics extends licensing agreement
Monday, 30 Jan 2017 09:50am EST 

Precise Biometrics : Precise Biometrics enters extended licensing agreement with an existing sensor customer that guarantees license revenues of minimum 17.5 million SEK . Says revenue from new agreement will be recognized evenly during 2017 and 2018 .Says agreement may generate additional revenues provided that customers' sales volumes exceed set volume in agreement.  Full Article

Precise Biometrics posts 16 pct rise in net sales q/q
Tuesday, 15 Nov 2016 02:00am EST 

Precise Biometrics : Q3 EBITDA increased to 6.7 million crowns ($733.3 mln) (5.4) million . Q3 consolidated net sales increased to SEK 25.5 (18.3) million . Says long-term revenue trend is positive, but will fluctuate from one quarter to another . Says sales in mobile smart card solutions business area are at a lower level than originally expected . Says fingerprint technology market expected to grow by more than 35 percent each year until 2020 Further company coverage: [PREC.ST] ($1 = 9.1368 Swedish crowns) (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Precise Biometrics swings to profit in Q2
Tuesday, 16 Aug 2016 02:00am EDT 

Precise Biometrics : Q2 consolidated net sales increased to SEK 21.9 (10.0) million . Q2 EBITDA increased to SEK 6.2 (-5.2) million . CEO says I am of course not satisfied with discontinued net sales growth compared to Q1, but i am convinced that we will have continued growth ahead . CEO says I am pleased that positive trend of new customer agreements continued during Q2 . CEO says we expect sales and volumes to increase from several of our other sensor customers, which will drive growth and compensate for effects of Fingerprint Cards having implemented their own algorithm solution with some key customers .CEO says sales in the Mobile Smart Card Solutions business area was weaker than expected, primarily because of lower sales to the US government agency market and the Defense Logistics Agency. However, we expect continued growth over time in this business area.  Full Article

Precise Biometrics swings to Q1 profit
Tuesday, 17 May 2016 02:00am EDT 

Precise Biometrics, Q1 : Consolidated net sales increased to SEK 24.2 (4.5) million . EBITDA increased to SEK 8.2 (-6.4) million . Profit after tax increased to SEK 6.3 (-8.8) million .Says expects continued profitable growth for the company.  Full Article

Precise Biometrics says signs license deal with IDEX
Friday, 29 Apr 2016 02:00am EDT 

Precise Biometrics AB:Precise biometrics signs license agreement with IDEX.Says license agreement will generate royalty revenue based on sales of fingerprint sensors from IDEX that includes Precise Biometrics' algorithm solutions.Says royalty revenues are volume dependent and cannot be forecasted at this point, while agreement includes a limited initial fixed fee.  Full Article

Precise Biometrics wins framework agreement for Tactivo from U.S Department of Defense
Monday, 11 Apr 2016 02:10am EDT 

Precise Biometrics AB:Wins framework agreement for Tactivo from U.S. Department of Defense.Says contract value is a minimum of $120,000 to a maximum of $3.1 million over a base period of one year with another two optional years.  Full Article

Precise Biometrics AB signs license deal with MStar
Tuesday, 5 Apr 2016 02:00am EDT 

Precise Biometrics AB:Precise Biometrics signs license agreement with MStar.  Full Article

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BRIEF-Precise Biometrics swings to operating loss in Q1

* Q1 operating profit/loss for period totaled SEK -2.7 (6.3) million