Precise Biometrics AB (publ) (PREC) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's Wednesday the 14th of May and Precise Biometrics has just released their quarterly report for the first quarter of 2025. And with me is Joakim Nydemark, CEO of Precise Biometrics. How are you doing? Yes, but it's good with me. How about you? Yes, but it's brilliant here. Yes, you have just released your report here for the first quarter. What were the most important messages from your point of view? I would say that we still have a good demand for our products. We have a customer flow, we write new customer agreements and we connect new partners to us. We have also made an agreement in India with our BioLive solution for what is called national ID, which is very exciting. Then if you look at the result, we are not really up to the growth that we have done in previous quarters. And I would say that it is to a very large extent, depending on the somewhat turbulent market situation that we are in right now. Just that. And if we dive a little deeper into that, then you have had a nice suite here with five profitable quarter in a row with strong growth. Would you like to go in a little more on what is behind that? So that you now don't have a as strong quarter? As you say, last year we had good growth and actually five quarters in a row. It may be natural that sooner or later there will be a small cut in the curve. That's how I want to see it, as a cut in the curve. It also depends on three factors in general, I would say. The first is the currency. We have a very large share of our income in US dollars. And we have our costs in Swedish kronor. And now we have a dollar that has lost almost 12% since the change of year. And of course it affects us. The other thing is that we Vi ser en liten försiktighet bland våra kunder i ljuset av tulldiskussionerna som pågår. Man ä...