ScandiDos (SDOS) Q1 26/27 earnings summary

Executive summary

• Sales declined sharply in Q1 26/27 due to significant project delays at customer sites, shifting planned deliveries and impacting revenue by 46% year-over-year.

• The quarter is seasonally weak, but also saw important milestones: a successful product launch and a fully subscribed rights issue raising 12.8 MSEK before costs.

• Leadership transition occurred as the CEO stepped down, with an interim CEO appointed.

Financial highlights

• Net sales for Q1 26/27 were 6.2 MSEK, down from 11.5 MSEK in Q1 25/26, a 46% decrease year-over-year.

• Gross margin improved to 82% from 75% year-over-year.

• EBITDA was -6.2 MSEK, down from -1.6 MSEK in the prior year, with an EBITDA margin of -100%.

• Net result was -6.9 MSEK, compared to -2.2 MSEK in Q1 25/26.

• Earnings per share (basic) was -0.10 SEK, versus -0.04 SEK year-over-year.

• Cash flow from operations was 1.0 MSEK, up from 0.5 MSEK in Q1 25/26.

• Cash and cash equivalents at period end were 16.0 MSEK, up from 9.5 MSEK year-over-year.

Outlook and guidance

• Focus remains on accelerating delayed projects and improving delivery pace.

• The new Delta4 SRS Pro product is expected to drive future growth after regulatory approvals.

• Short-term focus is on sales recovery; long-term on leveraging technical strengths for profitable growth.