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Precise Biometrics: On track despite quarterly variations - Redeye

Redeye provides a research update following the Q2 2024 report from Precise Biometrics. The report was slightly below our estimates, although the deviation was in line with what we expect to see in terms of quarterly variations. Biometric Technologies reported sales growth against last year but below the strong performance from the previous quarter. Perfomance in Digital Identity was roughly as anticipated, with a continued increase in the ARR. We make minor changes to our estimates and fair value range.

Redeye provides a research update following the Q2 2024 report from Precise Biometrics. The report was slightly below our estimates, although the deviation was in line with what we expect to see in terms of quarterly variations. Biometric Technologies reported sales growth against last year but below the strong performance from the previous quarter. Perfomance in Digital Identity was roughly as anticipated, with a continued increase in the ARR. We make minor changes to our estimates and fair value range.
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