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Spineway (ALSPW) investor relations material
Spineway H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for H1 2026 reached €5.7 million, up 3% year-over-year, with Q2 2026 revenue rising 29% compared to Q2 2025, reflecting strong commercial momentum and normalization of supply conditions.
Gross margin remained stable at 67%, while operating income declined due to increased regulatory investments and non-recurring ERP implementation expenses.
Net loss for H1 2026 was €1.5 million, slightly higher than the €1.4 million loss in H1 2025.
Financial highlights
Revenue: €5.7 million in H1 2026 vs. €5.6 million in H1 2025 (3% growth).
Gross margin: €3.84 million (67% of revenue), nearly unchanged from prior year.
Operating loss: €1.65 million, compared to €1.24 million in H1 2025.
Net loss: €1.54 million, compared to €1.42 million in H1 2025.
Net cash position as of June 30, 2026: €1.5 million.
Outlook and guidance
Expansion of medical education initiatives and international rollout of ESP® artificial disc expected to drive future growth.
Additional financing through straight bonds to support regulatory investments and working capital needs.
- Q1 2026 revenue fell 23% year-over-year, but growth outlook for 2026 remains strong.ALSPW
Q1 2026 TU30 Apr 2026 - Revenue up 4%, gross margin improved, and net loss narrowed amid global expansion.ALSPW
H2 202517 Feb 2026 - 2025 revenue rose 4% to €12.4M, with Q4 up 34% on strong global sales and deferred orders.ALSPW
Q4 2025 TU13 Jan 2026 - Q3 2025 revenue jumped 18% year-over-year, led by Premium products and export growth.ALSPW
Q3 2025 TU14 Oct 2025 - Net loss narrowed by €2 million in H1 2025, with growth target and strong cash position maintained.ALSPW
H1 202530 Jul 2025 - Revenue up 21% year-over-year to €9.1M, led by strong international growth.ALSPW
Q3 2024 TU13 Jun 2025 - Revenue up 20% and operating loss narrows as cost savings and export growth continue.ALSPW
H1 202413 Jun 2025 - Q1 2025 revenue fell 8% year-over-year, but export sales outside Europe rose 9%.ALSPW
Q1 2025 TU6 Jun 2025 - Revenue up 14% and net loss nearly halved, driven by acquisitions and cost controls.ALSPW
H2 20246 Jun 2025
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