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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.
H&D Wireless Sweden
H&D Wireless Sweden (HDW) investor relations material
H&D Wireless Sweden has been delisted
H&D Wireless Sweden Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary29 Aug, 2025
Executive summary
Net sales in Q2 2025 dropped 84% year-over-year to 1.9 MSEK, with EBITDA at -2.8 MSEK and EBIT at -5.3 MSEK, reflecting a sharp decline in order intake and high financing costs.
The company completed a major restructuring, now operating with a single subsidiary focused on RF/IoT modules and devices, and exited non-core product lines.
Strategic partnerships with Avnet and Arrow Electronics are expected to drive future growth, despite current market headwinds.
Financial highlights
Q2 2025 net sales: 1.9 MSEK (down from 11.6 MSEK in Q2 2024); net sales excluding non-recurring items: 1.2 MSEK.
EBITDA for Q2: -2.8 MSEK (Q2 2024: -1.2 MSEK); EBIT: -5.3 MSEK (Q2 2024: -6.7 MSEK).
Net result after financial items: -4.4 MSEK (Q2 2024: -7.5 MSEK).
Cash and cash equivalents at period end: 0.5 MSEK; equity: 5.1 MSEK; equity ratio: 38%.
Year-to-date (H1 2025) net sales: 7.6 MSEK (down 13% year-over-year); EBITDA: -3.3 MSEK (improved from -9.2 MSEK in H1 2024).
Outlook and guidance
Focus remains on RF/IoT modules and ODM business, with expectations of increased sales from new and existing customers.
Order backlog increased by 650 KSEK; 15 customers ramping up production could generate 135 MSEK over the next four years.
The company is seeking new long-term financing partners after ending a previous investor collaboration.
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Latest events from H&D Wireless Sweden
- Record EBITDA and cost savings position the company for profitability in 2025.HDW
Q3 2024 - Q2 revenue up 50% year-over-year, but net sales and liquidity remain under pressure.HDWQ2 2024
- Record Q1 revenue and profitability, break-even achieved, and new financing secured.HDWQ1 2025
- Sales fell but profitability improved sharply; focus shifts to IoT and ODM for 2025 turnaround.HDWQ4 2024
H&D Wireless Sweden
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Frequently asked questions
Hitech & Development Wireless Sweden Holding AB (H&D Wireless) is a company engaged in developing and selling modules, solutions, and services that enable connectivity, positioning, and monitoring of various equipment, tools, fixtures, and people. The technology from H&D Wireless is primarily used for real-time location systems (RTLS), providing solutions for industries including IoT, industrial, and digital media markets. The company's offerings include WiFi and Bluetooth modules that integrate into existing customer products to streamline and automate various processes and workflows. The company is headquartered in Kista, Sweden, and its shares are listed on the Nasdaq Stockholm.