Audientes (AUDNTS) Q3 2025 earnings summary

Executive summary

• Q3 2025 was marked by delayed product deliveries and payments, resulting in limited revenue and continued liquidity pressure, but operational progress was made in China, India, South Africa, and new product development initiatives advanced.

• Strategic focus shifted to dual-use hearing protection and communication products, and strengthening partnerships in key markets.

Financial highlights

• Q3 2025 revenue was TDKK 42, down from TDKK 63 in Q3 2024; Q1–Q3 2025 revenue totaled TDKK 126, up from TDKK 90 year-over-year.

• EBITDA for Q3 2025 was TDKK -888 (Q3 2024: TDKK -901); Q1–Q3 2025 EBITDA was TDKK -4,015 (Q1–Q3 2024: TDKK -3,930).

• Net loss for Q3 2025 was TDKK -2,284 (Q3 2024: TDKK -2,513); Q1–Q3 2025 net loss was TDKK -8,577 (Q1–Q3 2024: TDKK -8,253).

• Cash and cash equivalents at Q3 end were TDKK 86, up from TDKK 9 at 2024 year-end.

• Equity as of September 30, 2025, was negative TDKK -3,313, with an equity ratio of -63.9%.

Outlook and guidance

• Near-term progress depends on securing additional strategic and financial support; management is confident that necessary funding will be obtained.

• Commercial opportunities in India, MEA, China, Japan, and Europe remain, with focus on stabilizing liquidity, securing revenue, and advancing product development.