Precise Biometrics sales rise 23% after Fingerprint Cards merger, loss widens
What's the deal? Precise BiometricsDealroom has a profile for this one. Try Dealroom → reported third-quarter revenue of US$2.97M, up 23% from US$2.42M a year earlier, in its first quarter reflecting the merger with Fingerprint Cards (FPC)Dealroom has a profile for this one. Try Dealroom →. But integration and restructuring costs pushed the Swedish group to a widening loss.
The numbers: Operating loss swung to US$3.87M, from US$72.5K a year earlier. Adjusted EBITDA was negative US$1.15M, down from positive US$531.9K in Q3 2025. The figures include FPC from July 20, the date the merger completed.
What each side brings: The deal broadens Precise from biometrics software and identity products into sensor hardware, FPC's specialty. Management says the combined group covers more of the biometrics stack.
Why now? FPC contributed US$1.1M in sales and negative US$1.34M in EBITDA for the partial quarter, dragged down by delayed orders and lower volumes at a major Asian customer. To fund the integration, Precise raised roughly US$12.1M through a rights issue.
What's the endgame? Precise says it has implemented about 75% of planned annual cost savings of US$5.44M. Two orders worth approximately US$1.81M, announced in October, are expected to generate revenue in 2027, when the company targets a return to financial balance in the second half.
Who's in charge? Precise appointed former Yubico executive Fredrik Krantz as chief revenue officer and former FPC executive Fredrik Ramberg as chief product officer. Chief executive officer Joakim Nydemark says the integration is more than halfway complete.
The signal: The merger was pitched as a platform for biometrics consolidation, but the early numbers show the cost comes first. The test now is whether synergies and new orders can deliver the 2027 breakeven management promises.
Read more: biometricupdate.com
Image credit: Generated with Gemini
