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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.
SeaTwirl
SeaTwirl (STW) investor relations material
SeaTwirl Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary23 Oct, 2026
Executive summary
Q3 priorities shifted to VERTI-GO commercialization and getting the 200 kW turbine into service; installation of the 1 MW S2x turbine was postponed indefinitely.
VERTI-GO passed its Basic Design milestone; the design submission was sent to the EU in late September.
A 20 MW Australian demonstration proposal and a transfer of more than SEK 38M in remaining project support strengthened the development program.
Financial highlights
Q3 net sales were SEK 0M, unchanged YoY; capitalized own work was SEK 2.3M vs SEK 0.4M, and other operating income was SEK 2.2M, mainly recognized EU grants.
Q3 operating loss was SEK 16.3M vs SEK 4.2M; net loss was SEK 14.9M vs SEK 4.2M, with development costs and S2-related impairments weighing on results.
Q3 cash flow was negative SEK 7.2M vs negative SEK 5.0M; operating cash flow was negative SEK 4.8M, and cash at quarter-end was SEK 66.4M vs SEK 30.8M.
9M net sales were SEK 0.8M; net loss was SEK 24.1M vs SEK 13.5M YoY, and EPS was negative SEK 4.02 vs negative SEK 2.26.
Outlook and guidance
The stated priority is to qualify the 200 kW turbine and secure its first installation as soon as possible, targeting initial revenue and operating experience.
VERTI-GO will continue development toward manufacturing, installation and operation of a 2 MW turbine; funding and industrial execution remain important to progress.
S2x construction and installation are deferred while resources are prioritized toward VERTI-GO; its design remains in the product portfolio.
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Latest events from SeaTwirl
- Q2 2026 marked ongoing commercialization efforts, strategic partnerships, and stable liquidity.STW
Q2 2026 - Team expansion and VERTI-GO progress drive growth, with strong liquidity and new partnerships.STWQ1 2026
- EU-funded Verti-Go project drives growth, but losses deepen amid major development investments.STWQ4 2025
- €15M EU grant boosts 2MW turbine project as Q3 losses narrow and equity remains strong.STWQ3 2025
- Secured key project milestones and improved financials while expanding global partnerships.STWQ2 2025
- Q3 loss deepens as SeaTwirl prioritizes partnerships and first commercial order amid cash burn.STWQ3 2024
- S3 turbine design finalized as SeaTwirl pivots to commercialization amid sector growth.STWQ2 2024
- Q1 loss narrows as SeaTwirl readies major tech launch and expands global partnerships.STWQ1 2025
- SeaTwirl deepens partnerships and streamlines operations, targeting growth in floating wind for 2025.STWQ4 2024
Next SeaTwirl earnings date
Q4 202623 Feb, 2027
SeaTwirl
Next SeaTwirl earnings date
Q4 202623 Feb, 2027
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Frequently asked questions
SeaTwirl AB is a renewable energy company specializing in the development and sale of floating wind turbines. The company focuses on creating innovative vertical-axis wind turbines that are designed for deep-water offshore environments. These turbines feature a low center of gravity and integrated design, which simplifies construction, installation, and maintenance, making them cost-effective solutions for offshore wind energy generation. The company is headquartered in Gothenburg, Sweden, and its shares are listed on the Stockholm Stock Exchange.