Precise Biometrics AB (publ) (PREC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to this VD-interview in connection with Precise Biometrics releasing their book, Slutskommuniqué. And with me is VD Joakim Nydemar. How are you? I'm good, thanks. How are you? It's great here too. I think we'll jump right into it. You write in the report that 2025 was not really the year you had expected. Do you want to develop that a bit? We came into 2025 with wind in the sails. We came from a good year in 2024. We have good products, we are well positioned and we had good customer inquiries. Then came the challenge, we got a lot of uncertainty on the market. We got a doubt and a caution from our customers that shaped our business. Also, the dollar started to drop in value. All of that together has had a big effect on the whole business. With that said, I think we will get through it. We deliver a positive EBITDA, we deliver a positive cash flow in the business. And we have done a lot of things during the year. We have delivered new products, we have won new big, nice customers. We have also taken new projects. I will sum it up like this, we are now in 2025 behind us and I think that 2026 has a great start and I look very much forward to 2026. Super exciting, and we will come back and talk more about the future, of course, but I just wanted to backtrack a bit since this final statement, what is new here is Q4, and when we were here in connection with the Q3 report, you were very optimistic about the fourth quarter, but when you read the report, it did not turn out as positively as you had hoped. What factors were behind that? What changed the situation? A few different things. First of all, there were new geopolitical events that created caution. We had a dollar exchange rate that continued to fall. If we just look at the dollar exchange rate, we...