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Greater Than Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.

Q2 2026 earnings summary20 Aug, 2026

Executive summary

Net sales for Q2 2026 were SEK 1.2 million, down 26% year-over-year due to a non-recurring revenue item in Q2 2025; underlying recurring sales rose 15% on a like-for-like basis.
Operating result for Q2 2026 was -13.98 MSEK, compared to -10.06 MSEK in Q2 2025; net result for the period was -13.23 MSEK.
Legal costs and a Nasdaq disciplinary fine negatively impacted results by a combined SEK 2.8 million; currency fluctuations had a positive effect of SEK 0.8 million.
A final settlement with ABAX AS post-period resulted in a SEK 64 million payment, expected to improve Q3 2026 operating result by approximately SEK 40 million.
Leadership changes included Johanna Forseke becoming CEO and a new management team to focus on commercial execution.

Financial highlights

Q2 2026 net sales: SEK 1.24 million (Q2 2025: SEK 1.68 million); H1 2026 net sales: SEK 2.39 million (H1 2025: SEK 2.95 million).
Q2 2026 operating result: -13.98 MSEK (Q2 2025: -10.06 MSEK); H1 2026 operating result: -25.28 MSEK (H1 2025: -22.13 MSEK).
Q2 2026 net result: -13.23 MSEK (Q2 2025: -11.17 MSEK); H1 2026 net result: -22.47 MSEK (H1 2025: -27.31 MSEK).
Earnings per share for Q2 2026: -0.74 SEK (Q2 2025: -0.85 SEK); H1 2026: -1.28 SEK (H1 2025: -1.84 SEK).
Cash and bank balances at June 30, 2026: SEK 17.0 million.

Outlook and guidance

Focus shifting from product development to commercial execution, with new leadership structure to accelerate decision-making and revenue generation.
Resources to be directed toward Global Partnerships and core Direct Enterprise clients.
Settlement with ABAX AS expected to significantly improve Q3 2026 results.

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