Q2 2026 Precise Biometrics AB Earnings Call Transcript
Key Points
- Successfully completed the merger with FPC, doubling revenue and lowering costs, which strengthens the company's financial and market position.
- Received positive feedback from customers and partners regarding the merger, validating the strategic direction.
- Continued growth in the access and visitor management segment, showing resilience in a key business area.
- Ultrasonic market segment is on track, with a clear focus on this high-value area for future growth.
- Executed on over 30% of the estimated SEK45 million annual cost synergies, with a fast-paced integration process.
- Experienced a drop in revenue and volume during Q2, primarily due to increased hardware prices impacting the low-end market.
- Failed to bridge the decline in low-end sensor software sales with ultrasonic growth, missing expectations.
- The merger and integration process has incurred significant costs, requiring a SEK100 million rights issue to fund.
- FPC's financial results are not yet included in the Q2 report, delaying full visibility into combined performance.
- Integration work is ongoing and not expected to be fully complete until 2027, leaving execution risks in the interim.
It is August 26, and Precise Biometrics today released its Q2 earnings report. For the first time, I would like to give a special welcome to the previous shareholders of FPC, who are now shareholders of Precise Biometrics as a result of the recent merger. Today, I am joined by Precise Biometrics CEO, Joakim Nydemark. Hello.
Hi.
Good to see you. So there's been a lot happening in the last few months, in particular the merger with FPC and the recent capital raise, but perhaps we should start with Q2 results. So if you were to sum up the second quarter, what are you most pleased with and what has been the most challenging?
I would say, during the quarter, there has been, of course, a lot of work related to the merger. And even though the merger was closed after the quarter, I'm still very proud that we finalized that
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