# Precise Biometrics > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/precisebiometrics). ## Overview Precise Biometrics is a global pioneer in cybersecurity and biometric solutions, specializing in algorithm products for fingerprint, facial, and hand recognition. The company offers packaged end-customer products such as Precise Access for biometric physical access and Precise Visit for visitor management. Operating through its Digital Identity and Biometric Technologies business areas, Precise Biometrics is well-positioned for growth with a focus on AI-based biometric software and new ultrasonic sensor technologies. The company is listed on Nasdaq Stockholm and has a global presence with offices in Lund, Stockholm, Potsdam NY, Seoul, Taipei, and Shanghai. ## Products & services • Algorithm products for fingerprint, facial, and hand recognition • Precise Access: Biometric physical access solutions • Precise Visit: Cloud-based visitor management system • Biometric authentication for mobile phones and laptops • Vehicle applications for in-car payment and driver authentication - **Biometric Technologies** (50%) — Includes algorithm products for biometric recognition. - **Digital Identity** (50%) — Comprises solutions for biometric access and visitor management. - Algorithm products for fingerprint, facial, and hand recognition - Precise Access: Biometric physical access solutions - Precise Visit: Cloud-based visitor management system - Biometric authentication for mobile phones and laptops - Vehicle applications for in-car payment and driver authentication ## Customers Precise Biometrics serves a diverse range of customers, including large industrial groups, municipalities, and smaller companies. The company's Digital Identity solutions are particularly attractive to organizations seeking secure and scalable access management systems. Government agencies also utilize Precise's biometric technologies for national ID programs. The company's cloud-based solutions appeal to customers looking for lower operating costs and higher customer satisfaction, while its hardware-independent offerings are favored by technology giants and enterprises for their flexibility and integration capabilities. - **Industrial Groups** (primary) — Purchase secure access management systems for large-scale operations. - **Government Agencies** (primary) — Utilize biometric technologies for national ID programs. - **Technology Giants** (secondary) — Favor flexible, hardware-independent biometric solutions. - **Municipalities** (secondary) — Adopt cloud-based visitor management systems. - Large industrial groups seeking secure access management - Municipalities and smaller companies using cloud-based solutions - Government agencies implementing national ID programs - Technology giants favoring hardware-independent biometric solutions - Enterprises looking for scalable and cost-effective access management ## Geography Precise Biometrics operates globally with a strong presence in Europe, Asia, and North America. The company is headquartered in Lund, Sweden, and has offices in Stockholm, Potsdam NY, Seoul, Taipei, and Shanghai. This geographic distribution allows Precise to tap into diverse markets and leverage regional expertise. The company's global reach is supported by a robust network of partners, enabling it to serve over 800 customers worldwide. The strategic location of its offices facilitates access to key markets and enhances its ability to respond to regional demands and regulatory requirements. - Headquartered in Lund, Sweden, with offices in Stockholm - Presence in North America with an office in Potsdam NY - Asian operations supported by offices in Seoul, Taipei, and Shanghai - Global reach with a network of partners across three continents - Listed on Nasdaq Stockholm, enhancing visibility in European markets ## Strategy Precise Biometrics is focused on long-term value creation through strategic partnerships and a robust product portfolio. The company aims to expand its presence in AI-based biometric software and capitalize on new ultrasonic sensor technologies. Strategic priorities include enhancing customer satisfaction, reducing operating costs, and achieving scalability. The company is also focused on increasing recurring revenue streams through cloud-based solutions. Precise Biometrics is committed to maintaining a strong core business while exploring new markets and opportunities for growth. - **Expand AI-based biometric software** (medium-term) — To leverage advanced technologies for competitive advantage. - **Increase cloud-based solution adoption** (short-term) — For scalability and recurring revenue. - **Develop ultrasonic sensor technologies** (long-term) — To meet demand in mid-end mobile phone segment. - Expand presence in AI-based biometric software - Capitalize on new ultrasonic sensor technologies - Enhance customer satisfaction and reduce operating costs - Increase recurring revenue through cloud-based solutions - Explore new markets and growth opportunities ## Risks Precise Biometrics faces several risks, including geopolitical uncertainties and market competition, particularly in the mobile phone sector. Delays in customer projects and production postponements have impacted revenue, highlighting the risk of dependency on key customers. The company also faces price pressure in competitive segments, though its premium offerings in ultrasound-based biometrics mitigate this risk. Additionally, the transition to cloud-based solutions presents short-term revenue challenges as older on-premise agreements are phased out. These risks are compounded by external factors such as currency fluctuations and regulatory changes. - **Geopolitical uncertainties** [high] — Affect market stability and customer investment decisions. - **Project delays** [medium] — Impact revenue and cash flow. - **Price pressure** [medium] — Affects profitability in competitive segments. - **Cloud transition** [medium] — Short-term impact on ARR due to migration. - Geopolitical uncertainties affecting market stability - Delays in customer projects impacting revenue - Price pressure in competitive biometric segments - Dependency on key customers for revenue - Short-term revenue challenges from cloud transition - Currency fluctuations affecting financial performance ## Accounting Precise Biometrics' financial reporting is influenced by several critical accounting matters, including revenue recognition timing and methods. The company recognizes revenue both at a point in time and over time, which affects the comparability of financial results. The transition to cloud-based solutions impacts revenue recognition as older on-premise agreements are phased out. Additionally, the company capitalizes development expenses, which are amortized over time, affecting reported earnings. Lease accounting under IFRS 16 also impacts the balance sheet, with right-of-use assets and lease liabilities recognized. - **Revenue recognition timing** — high - **Cloud transition** — medium - **Development expense capitalization** — medium - **Lease accounting (IFRS 16)** — medium - Revenue recognition timing affects financial comparability - Cloud transition impacts revenue recognition methods - Capitalization and amortization of development expenses - Lease accounting under IFRS 16 impacts balance sheet - Timing of revenue recognition: point-in-time vs over-time --- *Last updated: 2026-08-11T04:04:55.294943+00:00*