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Precise Biometrics: Strong start to the year - Redeye

Redye provides a research update following the Q1 2024 report from Precise Biometrics. Biometric Technologies delivered sales ahead of our expectations, whereas Digital Identity came in slightly softer. In terms of proifitability, the cost control was solid across the board. We increase our assumptions regarding profitability, push forward breakeven from 2026e to 2025e, and raise our valuation.

Redye provides a research update following the Q1 2024 report from Precise Biometrics. Biometric Technologies delivered sales ahead of our expectations, whereas Digital Identity came in slightly softer. In terms of proifitability, the cost control was solid across the board. We increase our assumptions regarding profitability, push forward breakeven from 2026e to 2025e, and raise our valuation.
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