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Inhalation Sciences (ISAB) investor relations material
Inhalation Sciences Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary21 Nov, 2025
Executive summary
Revenue for Q3 2025 was SEK 160k, a sharp decline from SEK 2,277k in Q3 2024; for Jan–Sep 2025, revenue was SEK 1,745k versus SEK 9,555k year-over-year.
Operating loss widened to SEK -2,765k in Q3 2025 (Q3 2024: SEK -1,001k); Jan–Sep operating loss was SEK -7,504k (Jan–Sep 2024: SEK -2,669k).
Net loss for Jan–Sep 2025 was SEK -7,517k, with EPS at SEK -0.29 (Jan–Sep 2024: SEK -0.18).
Order intake increased to SEK 1,551k in Q3 2025 (Q3 2024: SEK 843k) and SEK 3,389k for Jan–Sep 2025 (Jan–Sep 2024: SEK 2,665k).
A strategic review was initiated with PharmaVentures to explore potential acquisition opportunities.
Financial highlights
Cash flow from operations was SEK -7,023k for Jan–Sep 2025 (Jan–Sep 2024: SEK -2,005k).
Cash and cash equivalents at period end were SEK 6,623k (Sep 2024: SEK 5,407k).
Equity at period end was SEK 9,904k, with an equity ratio of 86.1%.
Research and development costs were SEK 3,034k for Jan–Sep 2025 (Jan–Sep 2024: SEK 5,229k).
Number of shares at period end: 39,167,637.
Outlook and guidance
Ongoing commercialization efforts and expanded marketing campaigns are expected to drive future order conversion.
Collaboration with PharmaVentures aims to maximize technology value and explore strategic alternatives.
Continued participation in industry conferences and increased customer engagement anticipated.
What drives the strategic review now?
How will increased order intake convert to revenue?
Detail commercialization plans for XposeAli.
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Next Inhalation Sciences earnings date
Q4 202524 Feb, 2026
Next Inhalation Sciences earnings date
Q4 202524 Feb, 2026
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Frequently asked questions
Inhalation Sciences Sweden AB (ISAB) develops and markets laboratory equipment designed for inhalation research. The company’s primary offerings include systems such as PreciseInhale, which allows scientists to measure how inhaled particles behave in the lungs, and DissolvIt, a tool for in vitro simulation of particle dissolution and absorption in the lung epithelium. Their portfolio also includes specialized modules like XposeALI, for 3D cell exposure, and other equipment used in preclinical testing of inhalation drugs and toxicity studies. Inhalation Sciences serves industries involved in respiratory medicine, toxicology, and aerosol science. The company is headquartered in Huddinge, Sweden, and its shares are listed on the Stockholm Stock Exchange.
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