Ortivus
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Ortivus (ORTI) investor relations material

Ortivus Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary19 Feb, 2026

Executive summary

  • Net sales for Q4 2025 decreased by 12% year-over-year to SEK 18.8 million; full-year net sales declined 9% to SEK 73.4 million.

  • Gross margin improved to 41% in Q4 (from 21%) and 40% for the year (from 35%).

  • Adjusted EBITDA for Q4 was SEK -1.6 million (down from SEK 2.3 million); full-year adjusted EBITDA was SEK -8.6 million (down from SEK -4.9 million).

  • Net loss after tax narrowed to SEK -7.0 million in Q4 (from SEK -9.6 million) and SEK -21.9 million for the year (from SEK -24.9 million).

  • No dividend proposed for 2025.

Financial highlights

  • Q4 net sales: SEK 18.8 million; full-year: SEK 73.4 million.

  • Q4 gross margin: 41%; full-year: 40%.

  • Q4 EBITDA: SEK -3.9 million; full-year: SEK -15.9 million.

  • Q4 operating margin: -35%; full-year: -27%.

  • Cash and cash equivalents at year-end: SEK 8.9 million.

Outlook and guidance

  • Entering 2026 with a strengthened balance sheet, improved gross margin, and a more efficient organization.

  • Rising number of major tenders in the market; company prepared to meet customer needs with digital solutions.

  • No formal forecasts provided.

What factors worsened full-year Adjusted EBITDA?
What is the business model impact of UK iOS shift?
How does 'Read in Cosmic' optimize care pathway?
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Frequently asked questions

Ortivus AB is a Swedish medical technology company developing and commercializing solutions for healthcare industry. The Company's solutions are based on its proprietary technologies developed to improve the workflow efficiency in clinical laboratories, as well as reduce costs in organizations that provide diagnostic healthcare services.

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