Ortoma
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Ortoma (ORT) investor relations material

Ortoma Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary30 Jul, 2026

Executive summary

  • Achieved record sales of 21 systems in Q2 2026, totaling 36 systems for H1, surpassing full-year 2025 sales.

  • Largest order in company history received post-period, valued at 32 MSEK for Europe, USA, and Japan.

  • Focused on disciplined execution of commercialization plan for OTS™ Hip, with ongoing international rollout.

  • Strengthened financial position through successful rights and directed issues, raising approximately 68 MSEK before costs.

Financial highlights

  • Q2 2026 net revenue: 10.4 MSEK (vs. 18.8 MSEK Q2 2025); H1 2026 net revenue: 26.2 MSEK (vs. 57.5 MSEK H1 2025).

  • Q2 2026 EBITDA: -18.1 MSEK (vs. 4.5 MSEK Q2 2025); H1 2026 EBITDA: -22.8 MSEK (vs. 24.1 MSEK H1 2025).

  • Q2 2026 net result: -21.1 MSEK (vs. 1.3 MSEK Q2 2025); H1 2026 net result: -29.2 MSEK (vs. 17.6 MSEK H1 2025).

  • Cash flow from operations H1 2026: -18.6 MSEK (vs. 34.1 MSEK H1 2025); cash at period end: 62.7 MSEK.

  • Equity ratio at period end: 88.7% (vs. 91.6% prior year).

Outlook and guidance

  • Order book and revenues now total approximately 60 MSEK, below the previously communicated 80 MSEK full-year target.

  • Management acknowledges difficulty in reaching the 80 MSEK target but continues efforts to achieve it.

  • 2026 goal: 100 systems sold and 80 MSEK in operating revenue, including 10 MSEK in milestone payments.

  • Ambition for positive cash flow in H2 2027 and revenue exceeding 220 MSEK in 2028.

Explain the 2026 revenue target shortfall risk
How does Japan pricing affect gross margins?
Status of 2D to 3D image conversion research
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