)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Elliptic Labs
Elliptic Labs (ELABS) investor relations material
Elliptic Labs Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary27 Aug, 2026
Executive summary
Q2 2026 revenue was NOK 12.9–13 million, down 48% year-over-year, with growth in laptop shipments but a decline in smartphone volumes due to memory and cost constraints.
Strategic focus on expanding AI-based sensing into new verticals such as wearables, smart glasses, and smart TVs, supported by positive customer validation and industry engagement.
Management team strengthened, organization streamlined, and cost efficiency measures implemented, reducing the operating cost base by 15%.
Renewed a major smartphone contract, launched the AI Virtual Smart Sensor Platform on 15 smartphone and 15 laptop models, and continued operational momentum in core segments.
Q2 marked by high activity, customer engagement, and industry event participation to validate new offerings.
Financial highlights
Q2 2026 revenue was NOK 12.9–13 million, a 48% decrease year-on-year, mainly due to contract timing and lower incremental volume revenue.
Operating expenses before depreciation/amortization decreased to NOK 18 million from NOK 23.9 million year-on-year.
EBITDA for Q2 2026 was NOK -5.1 million, with a net loss of NOK 11 million.
Cash and cash equivalents at quarter end were NOK 59 million, up from NOK 43.1 million at year-end 2025.
Trade receivables and total liabilities declined year-on-year, reflecting improved working capital and financial position.
Outlook and guidance
Revenue is expected to improve in H2 2026, with full-year revenue anticipated to be broadly in line with 2025.
Cost reduction measures to have full cash effect from H2 2026, reducing the annualized operating cost base by about 15%.
Commercial execution in new verticals and Edge AI targeted for H2 2026, with revenue from these initiatives expected in 2027.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Elliptic Labs
- Q1 2026 revenue fell 37% YoY, but laptop shipments rose 41% and NOK 60m was raised.ELABS
Q1 2026 - AI software platform powers 500M+ devices, doubling revenue and expanding into new markets.ELABSCompany presentation
- 2025 revenue dropped 23%, but cost cuts and new contracts aim to drive future growth.ELABSQ4 2025
- Deferred revenue and new contracts set up strong growth for H2 and 2025.ELABSQ2 2025
- Q3 revenue up 29% YoY, positive EBITDA, and AI-driven expansion fuel strong growth.ELABSQ3 2024
- Lenovo Smart Share brings tap-based iOS/Android sharing to AI-powered PCs.ELABSInvestor Update
- 51% H1 revenue growth and strong Q2 profitability signal sustained momentum.ELABSQ2 2024
- Record revenue and first-time profitability in 2024, driven by AI sensor adoption and OEM expansion.ELABSQ4 2024
- Q1 2025 revenue up 20% YoY, with rapid product launches and expanding AI platform reach.ELABSQ1 2025
Next Elliptic Labs earnings date
Q3 202619 Nov, 2026
Elliptic Labs
Next Elliptic Labs earnings date
Q3 202619 Nov, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Norwegian Ultrasound Sensors
Elliptic Labs is a company that specializes in providing virtual smart sensors for a range of electronic devices. Their technology is widely utilized in smartphones, laptops, IoT devices, automotive applications, smart speakers, and televisions. The company uses AI, ultrasound, and sensor fusion to deliver solutions such as 3D gesture recognition, proximity sensing, presence detection, and monitoring of breathing and heartbeats. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.
A Research Spin-off
Elliptic Labs was founded in 2006 by Laila Danielsen, a Norwegian entrepreneur who still acts as the company's CEO. The company emerged from the University of Oslo's research initiatives, focusing on utilizing ultrasound technology for gesture recognition and touchless interaction. The company's early research and development efforts were directed toward integrating ultrasound technology into mobile devices, enabling users to control their gadgets through hand gestures without physical contact.
AI Virtual Smart Sensor Platform
Elliptic Labs' breakthrough came with its AI Virtual Smart Sensor Platform, which has been adopted by major smartphone manufacturers. By eliminating the need for physical sensors, this technology enhances device functionality while reducing hardware costs. Over the years, Elliptic Labs has expanded its applications to include smart home devices, laptops, and automotive systems. The company's technology is in use in over 500 million devices worldwide. Some of Elliptic Labs' publicly traded peers include Synaptics Incorporated, Cirrus Logic, and Infineon Technologies AG.
How it Works and Application Areas
Elliptic Labs' ultrasound-based approach offers several advantages over traditional sensors, including greater flexibility, reduced hardware costs, and the ability to create more intuitive and hygienic user interfaces. The company's technology uses ultrasound to enable touchless interaction with electronic devices. It begins with emitting ultrasonic waves from tiny transducers embedded in the device. When these waves encounter an object, like a user's hand, they reflect back to the device, where transducers capture the returning signals.
These signals undergo advanced processing to analyze the time delay and changes in frequency and amplitude, creating a 3D map of the object's movement. This data is then interpreted by an AI engine trained to recognize specific gestures and movements, such as swipes, waves, or hovers.The AI interprets these gestures and translates them into corresponding commands, allowing users to control their devices without physical contact. For example, users can turn on a screen, adjust the volume, or navigate menus with simple hand movements.