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Phase Holographic (PHI) investor relations material
Phase Holographic Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sales declined significantly year-over-year due to the transition of sales from Altium and customer anticipation for the next-generation HoloMonitor, which launched after the quarter ended.
Strategic expansion into the veterinary IVF market for livestock, leveraging core QPI technology, was announced.
The company is focusing on innovation, with the Holomonitor Next Generation launched in December, targeting both core and new market segments.
Financial highlights
Q2 2025/26 net sales were 306 KSEK, down from 2,977 KSEK in Q2 2024/25; YTD net sales were 671 KSEK, down from 4,315 KSEK.
Q2 EBITDA was -5,445 KSEK (vs. -2,789 KSEK prior year); net result was -7,761 KSEK (vs. -3,669 KSEK).
Gross margin improved to 60% in Q2 (from 55%); YTD gross margin was 65% (from 63%).
Earnings per share for Q2 was -0.12 SEK (vs. -0.14 SEK); YTD was -0.26 SEK (vs. -0.37 SEK).
Cash and equivalents at period end were 2,221 KSEK, with total available liquidity (including credits) at 4,221 KSEK.
Outlook and guidance
Management expects future growth as the sales transition completes and the new HoloMonitor platform is adopted.
Expansion into veterinary IVF and regenerative medicine is expected to open new revenue streams, though these require validation and collaboration.
Capital resources are approaching their limits; the board is actively seeking solutions.
- Sales fell and losses widened as the company shifted to direct sales and targets regenerative medicine.PHI
Q1 25/26 - Sales growth and improved margins drive strategic expansion into clinical and regenerative markets.PHI
Q4 24/25 - Q2 sales surged, but margins narrowed; new CEO and rights issue support commercial expansion.PHI
Q2 24/25 - Sales dipped as PHI invested in growth, but margin and market expansion signal future upside.PHI
Q1 24/25 - Gross margin and net sales improved as PHI advances in regenerative medicine and global expansion.PHI
Q4 23/24 - Sales growth and capital raise drive improved results and expansion in regenerative medicine.PHI
Q3 24/25
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