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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.
Norsk Titanium
Norsk Titanium (NTI) investor relations material
Norsk Titanium Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary5 Nov, 2026
Executive summary
Q3 revenue and other income tripled YoY to $2.1m; 9M revenue and other income reached $5.0m vs. $2.8m in 2025.
Commercial progress spanned higher aerospace and Hittech deliveries, funded development, Rolls-Royce orders, defense programs and the Airbus RPD® machine installation.
Defense qualification, industrial deliveries and the RPD® Ecosystem offer pathways to grow recurring production revenue.
Financial highlights
Q3 revenue and other income was $2.1m: $0.6m from serial production, $1.2m from development and services, and $0.3m other income.
FY 2026 revenue and other income is forecast at ~$8m, with Q4 growth expected from higher production volumes and funded development.
Average monthly Q3 cash burn was $2.2m vs. $2.4m in Q3 2025 and $2.1m in H1 2026; cash was $27.2m at September 30.
Production is expected to account for more than 50% of 2026 sales; management said production is tripling.
Outlook and guidance
Base-case break-even remains targeted for 2028; targets include break-even at ~25% capacity utilization and ~30% EBITDA margin at ~50% utilization by 2030.
Hittech 2027 revenue is likely to exceed its prior $2.8m forecast; purchase orders cover deliveries through Q3 2027.
High-rate missile-defense sales could ramp from 2027 and grow further in 2028, conditional on successful qualification.
A defense-prime development PO was expected imminently; successful testing could lead to a meaningful production order and 2027 revenue.
Q4 cash burn is expected to decline; cash burn is expected to reduce as revenue grows in 2027.
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Latest events from Norsk Titanium
- Revenue up 38% YoY, major contracts secured, and liquidity strengthened for breakeven by 2028.NTI
H1 2026 - RPD® technology enables scalable, certified titanium part production to meet urgent global demand.NTIInvestor presentation
- Q1 2026 revenue nearly doubled year-over-year, with major wins in aerospace and semiconductor markets.NTIQ1 2026 TU
- 2025 saw revenue drop, losses widen, and ongoing funding needs amid commercial transition.NTIH2 2025
- Serial production ramped up, ARR tripled, and major aerospace contracts secured.NTIH2 2024
- Forging-equivalent titanium parts and OEM partnerships drive rapid commercial growth.NTIStatus update
- Guidance retracted and 2025 revenue fell to USD 4.1M, but long-term growth prospects remain strong.NTIQ4 2025 TU
- Serial production parts tripled and ARR hit $11M, fueled by major contracts and capital raise.NTIH1 2024
- Recurring revenue from aerospace and industrial parts drives strong growth and multi-year backlog.NTISmall-Cap Growth Virtual Investor Conference 2024
Next Norsk Titanium earnings date
H2 202616 Apr, 2027
Norsk Titanium
Next Norsk Titanium earnings date
H2 202616 Apr, 2027
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Frequently asked questions
Norsk Titanium AS is a manufacturing company that specializes in producing complex titanium components using its proprietary Rapid Plasma Deposition (RPD) technology. This advanced 3D printing process transforms titanium wire into high-strength, aerospace-grade parts, primarily serving industries such as aerospace, defense, and automotive. RPD technology is designed to reduce material waste, lower costs, and accelerate production timelines compared to traditional manufacturing methods. Norsk Titanium's solutions have been integrated into commercial aircraft, including the Boeing 787. The company operates from its headquarters in Hønefoss, Norway, and also has a production facility in Plattsburgh, New York. Norsk Titanium is publicly listed on the Oslo Stock Exchange.