Greater Than (GREAT) Q1 2026 earnings summary

Executive summary

• Entered a commercial agreement with Honda, moving into implementation for a crash risk map solution launching in Japan in 2026, with global rollout planned.

• Collaboration with FIA continues to progress, with the FIA Driver Safety Index gaining traction and broader international adoption being prepared.

• Johanna Forseke appointed as new CEO effective May 2026, succeeding Liselott Johansson.

Financial highlights

• Net sales for Q1 2026 were 1,148 KSEK, down 10% year-over-year from 1,274 KSEK.

• Total revenue for the quarter was 3,039 KSEK, compared to 3,501 KSEK in Q1 2025.

• Operating result improved to -11,301 KSEK from -12,073 KSEK year-over-year.

• Result for the period was -9,240 KSEK, a significant improvement from -16,140 KSEK in Q1 2025.

• Earnings per share before and after dilution were -0.53 SEK, compared to -0.99 SEK in Q1 2025.

Outlook and guidance

• Focus remains on scaling partnerships and commercializing AI-driven risk intelligence solutions.

• FIA DSI sales cycle estimated at 3–12 months, with revenues expected later than initially projected.

• Board believes the company is well-positioned for continued growth through global partnerships.