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Desert Control (DSRT) investor relations material
Desert Control Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Expanded commercial activities in the US and Middle East, including first commercial project in Saudi Arabia, pilots in California and Dubai, and focus on permanent crops, golf, and landscaping.
Technology advancements improved yield and water efficiency, with new production systems set for launch in late 2025.
Organizational realignment and process improvements addressed operational challenges and support scale-up.
Strategic focus on scaling deployments in high-value agriculture and turf, leveraging partnerships and recurring revenue models.
Customer engagement remains strong, with new pilots and research projects underway in both core and adjacent markets.
Financial highlights
Q2 2025 revenue was NOK 0.13 million, down from NOK 0.51 million in Q2 2024, due to PACE/PAYS contract structure and timing.
EBITDA for Q2 2025 was negative NOK 15.88 million, broadly stable year-over-year.
Net loss for Q2 2025 was NOK 19.28 million, an improvement from NOK 22.31 million in Q2 2024.
Cash and cash equivalents at June 30, 2025, were NOK 24.84 million, down from NOK 90.89 million a year earlier.
Equity at June 30, 2025, was NOK 43.7M (EUR 43.7M), with an equity ratio of 89.4%.
Outlook and guidance
Revenue expected to increase in H2 2025 as contract milestones are met and new projects commence.
Initial 2026 guidance targets revenue above $3M, with 50-60% from the US and the rest from Middle East licensing and hardware sales.
Targeting 10x revenue growth from 2025 to 2027, driven by scalable commercialization and new production units.
Strategic priorities include expanding recurring revenue in US golf/turf, scaling agriculture deployments, and commercializing next-gen technology.
Financial runway extends into Q4 2025 due to disciplined cost management; additional capital required for long-term growth.
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