Level Bio
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Level Bio (LEVBIO) investor relations material

Level Bio Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary23 Apr, 2026

Executive summary

  • Net sales increased by 15% year-over-year to 8,995 KSEK for Q1 2026, with a strong gross margin of 52%.

  • The quarter marked a strategic shift with the divestment of subsidiary CyberGene, completed after the period, strengthening the financial position and clarifying the business focus on advanced diagnostics distribution via Techtum Lab.

  • Excluding depreciation, the result turned positive; depreciation related to CyberGene will no longer impact results from Q2 2026.

Financial highlights

  • Net sales: 8,995 KSEK (up 15% year-over-year from 7,808 KSEK).

  • Gross margin: 52% (50% last year).

  • Operating result: -117 KSEK (improved from -895 KSEK year-over-year).

  • Result after tax: -169 KSEK (improved from -836 KSEK year-over-year).

  • Cash flow: -1,023 KSEK (266 KSEK last year); cash and equivalents at period end: 1,461 KSEK.

Outlook and guidance

  • Future quarters will reflect a lower revenue base due to the CyberGene divestment but a clearer business model focused on distribution.

  • Strategic review underway to optimize long-term positioning, capital allocation, and growth strategy.

  • Emphasis on increasing recurring revenue in distribution for greater predictability and stability.

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