Precise Biometrics AB (publ)

The transcript did not state Q2 revenue, EPS, gross margin, or year-over-year growth figures. Management said revenue and volume declined in the quarter, with the weakness tied mainly to the low-end market and non-ultrasonic sensors, while access and visitor management continued to grow. Forward-looking, management said the merger should deliver about SEK 45 million in annual cost synergies, more than 30% of which has already been executed, and the SEK 100 million rights issue will fund integration, product merging, and sales and marketing investment. The company expects integration to be completed and cost synergies realized within 12 to 18 months, with a target to start fresh in 2027 with everything in place.

CEO Joakim Nydemark framed the merger as the start of a “new beginning,” emphasizing that the combined company will have a broader market reach and a hardware-plus-software offering. He said the strategic goal is to move up the value chain, strengthen security offerings against AI-driven threats, and connect user identity more tightly to authentication and login. His tone was confident despite the Q2 decline, saying he remains “still confident in the business we have.”

No separate CFO remarks were included in this transcript, so no detailed commentary on margins, cash, or capital allocation from CFO Maria Wester was provided here. The only financial specifics discussed were the SEK 100 million rights issue, the targeted SEK 45 million in annual cost synergies, and that more than 30% of those synergies have already been executed. Management also said the merger should lower costs and improve the financial position while funding integration and growth investment.

The main questions focused on what changed after the merger, how the company will offset lower volume, what the combined offerings look like, and how the SEK 45 million synergy target and SEK 100 million capital raise will be used. Management said the merger expands the offering to include both hardware and software, with examples including FIDO tokens and turnkey physical access/visitor management solutions. They also said FPC’s Q2 performance was in line with expectations and that the priority is not to lose customers during integration, but to move existing customers forward and cross-sell the new combined solutions.