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

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WEBVTT 00:00:00.031 -- 00:00:05.076 Hello, and welcome to this VD-interview in connection with 00:00:05.076 -- 00:00:08.840 Precise Biometrics releasing their book, Slutskommuniqué. 00:00:08.840 -- 00:00:13.325 And with me is VD Joakim Nydemar. How are you? 00:00:13.325 -- 00:00:14.326 I'm good, thanks. 00:00:14.326 -- 00:00:18.270 How are you? It's great here too. I think we'll jump right into it. 00:00:18.270 -- 00:00:23.555 You write in the report that 2025 was not really the year 00:00:23.555 -- 00:00:26.744 you had expected. Do you want to develop that a bit? 00:00:26.744 -- 00:00:29.851 We came into 2025 00:00:29.851 -- 00:00:33.981 with wind in the sails. We came from a good year in 2024. 00:00:33.981 -- 00:00:38.572 We have good products, we are well positioned and we had good customer inquiries. 00:00:38.572 -- 00:00:43.163 Then came the challenge, we got a lot of uncertainty on the market. 00:00:43.163 -- 00:00:47.090 We got a doubt and 00:00:47.090 -- 00:00:49.936 a caution from our customers 00:00:49.936 -- 00:00:55.426 that shaped our business. Also, the dollar started to drop 00:00:55.426 -- 00:00:59.573 in value. All of that together 00:00:59.573 -- 00:01:03.025 has had a big effect on the whole business. 00:01:03.025 -- 00:01:07.271 With that said, I think we will get through it. 00:01:07.271 -- 00:01:12.998 We deliver a positive EBITDA, we deliver a positive cash flow 00:01:12.998 -- 00:01:18.045 in the business. And we have done 00:01:18.045 -- 00:01:23.112 a lot of things during the year. We have delivered new products, we have won 00:01:23.112 -- 00:01:28.379 new big, nice customers. We have also taken new 00:01:28.379 -- 00:01:29.941 projects. 00:01:29.941 -- 00:01:35.318 I will sum it up like this, we are now 00:01:35.318 -- 00:01:40.455 in 2025...