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Execution of the strategy yields growth and results
Interim report for the period July – September 2019
Published November 15, 2019
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Highlights Q3
Execution of strategy according to plan
Strong performance in Mobile
Further implementations of Precise fingerprint software
in collaboration with Egis Technology
Precise integrated in the first biometric smart card module
receiving Mastercard CAST certificate
Expanded offering in Digital Identity by launching YOUNiQ
access - a product developed for physical access to facilities
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Product areas
Digital Identity Smart Card Mobile
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First commercial orders for facility access
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The market is demanding solutions with the ability to verify
a person’s identity in a convenient and secure way
Facility access – identification for seamless and secure
access without the need for keys, cards, tags etc.
Initial focus on the Nordic market – first orders from
Swedish customers.
Collaboration with Covr according to plan
Commercialization will be our main focus for 2020
DIGITAL IDENTITY
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Biometrics in order to secure identity - a key tool in
many payment channels for achieving increased
convenience, security and to reduce the risk of fraud
Payments, a main driver for the development of
consumer biometrics, with biometric cards being an area
analysts expect to grow rapidly in the coming years
Card manufacturing is increasingly focusing on
certification of contactless biometric payment cards
Precise integrated in the first biometric smart card
module to receive Mastercard CAST Certificate
Mastercard CAST certificate received
SMART CARD
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New strategy has resulted in a streamlined Mobile business with
a higher efficiency
Integrations of our fingerprint software in a series of mobile
devices, in collaboration with Egis Technology – approx. 17 MSEK
in revenue during Q3 2019
Further integrations in collaboration with Egis expected during
Q4 2019, receiving royalties, license fee and fees for support and
maintenance
Continued strong collaborations with actors such as Qualcomm
and several sensor partners in Asia
Collaboration with Egis –
Key driver for strong quarter
MOBILE
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Collaboration to develop secure identification software for
fingerprint recognition based on biometric hash technology.
No template is ever stored
Revoke data if compromised
Pilot projects will be conducted in coming months
Key event after Q3
Precise to collaborate with Infinity Optics
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Financial development
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Net sales & gross margin
Net sales Q3 MSEK 27,5 (16,8)
Growth by 63,6%
Gross margin Q3 89,2 % (84,3)
Amortization of capitalized development
expenses of MSEK 2,6 (2,1)
Gross margin
Net sales
Net sales
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Operating profit/loss Q3 MSEK 3,3 (- 0,4)
EBITDA Q3 MSEK 6,6 (2,1)
Operating expenses Q3 MSEK 21,3 (14,5)
Increased costs in R&D due to increased
investments in Digital Identity and Mobile
EBITDA
Operating profit/loss
Operating profit/loss
Operating profit/loss
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Cash flow Q3 MSEK - 3,4 (- 0,2)
Cash and cash equivalents per 30/9 MSEK
60,9 (91,3)
Cash and cash equivalents
Cash flow from operating activities
Cash flow from operating activities
Cash flow
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Completely new strategy implemented in 2019
Investments in Digital Identity for the development of products
for various applications
Physical access to facilities – first orders for delivery to client
2020
Partnership with Covr Security strengthens our digital identity
offering. We are expecting a commercialization of Precise
YOUNiQ in 2020
Strong performance in Mobile
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Summary
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Precise invites analysts, institutional investors and media to a
Capital Markets lunch in Stockholm.
When: 27 November
Where: Helio T-House, Engelbrektsplan 1, Stockholm
Time: 12.00 – 13.30
Guest speaker: Mats Holmfeldt, Covr Security
To register, please visit: https://financialhearings.com/event/12451
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Capital Markets Lunch
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Thank you!
Identify You