Maven Wireless Sweden (MAVEN) Q2 2026 earnings summary

Executive summary

• Achieved positive results in Q2 2026 with EBITDA of SEK 2.8 million and operating profit of SEK 0.5 million, reflecting stabilization after prior challenging quarters.

• Secured the largest order to date in France for the Toulouse metro line, valued at SEK 8 million, supporting both legacy and LTE-based critical communication systems.

• Refinancing and expanded credit facilities increased liquidity and available financing by SEK 9 million to support growth.

• Five new customers were added in Q2, totaling 13 new customers for the first half of 2026, with commercial momentum despite slow June order closing.

• Nimbus product successfully tested in Europe and now commercially available.

Financial highlights

• Q2 2026 net sales were SEK 44.5 million, down from SEK 73.0 million year-over-year, but sequentially improved from Q1 2026.

• Gross margin was 40%, up from 39% year-over-year, supported by a favorable product mix and cost savings.

• Q2 EBITDA was SEK 2.8 million, down from SEK 5.9 million year-over-year.

• Operating profit for Q2 was SEK 0.5 million, down from SEK 3.9 million year-over-year.

• Cash flow from operations was SEK -6.6 million, compared to SEK 27.1 million year-over-year.

Outlook and guidance

• Improved liquidity and refinancing provide flexibility for growth, with management expecting a more positive outlook for the second half of 2026.

• Continued investments in go-to-market and technology leadership, including the Nimbus 5G DAS platform.

• Optimism for market demand, especially for Nimbus and North America public safety.

• Q2 seen as a positive step, but further improvements needed.