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Observe Medical (OBSRV) investor relations material
Observe Medical Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
UnoMeter revenues rose 69% year-over-year in H2 2025 to NOK 7.5 million; full-year UnoMeter revenues grew 64% to NOK 18.8 million, offsetting the phased-out Nordic distribution business.
Gross proceeds of NOK 58.5 million were raised, with NOK 50.5 million in cash from private placements and a subsequent offering.
Total debt reduced by approximately NOK 50 million through restructuring, and all UnoMeter assets were consolidated.
Significant impairment of Biim Ultrasound intangible assets (NOK 41.7 million full year) after a major partner halted rollout.
Expanded product portfolio in urological drainage, with three new products targeting a NOK 1.6–1.8 billion global market.
Financial highlights
H2 2025 operating revenue: NOK 7.5 million (up NOK 2.2 million YoY); FY 2025: NOK 18.8 million (up NOK 1.6 million YoY).
Adjusted gross margin in H2: 31.8% (+12.3pp YoY); FY: 28.4%, stable YoY.
Adjusted EBITDA H2: -NOK 14.8 million; FY: -NOK 25.6 million (improved from -NOK 28.2 million last year).
Net financial income H2: NOK 29.8 million (vs. -NOK 6.4 million YoY), mainly from debt restructuring gains.
Net result H2: -NOK 29.6 million (vs. -NOK 33.3 million YoY); FY: -NOK 48.6 million (vs. -NOK 58.7 million YoY).
EPS FY: -0.73 (vs. -0.26 YoY).
Outlook and guidance
Focus remains on commercial execution, revenue growth, and improved cash flow.
Further market penetration of UnoMeter portfolio and launch preparations for UnoMeter Safeti Max in March/April 2026.
Management expects sufficient working capital for the next 12 months, contingent on revenue growth.
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