Greater Than (GREAT) Q2 2025 earnings summary

Executive summary

• Net sales for Q2 2025 dropped 89% year-over-year to KSEK 1,679, with a net loss of KSEK 11,172, impacted by litigation costs and loss of a major customer.

• A Memorandum of Understanding was signed post-Q2 for a licensing deal with a global mobility organization, with estimated lifecycle revenue of €1.4 billion over eight years, of which 60% is attributable.

• Strategic partnerships and product innovations, including the launch of an AI Coach and collaborations with Honda and Smart Eye, are expected to drive future growth.

Financial highlights

• Q2 2025 net sales: KSEK 1,679 (Q2 2024: KSEK 12,236), down 89%.

• Operating result for Q2: KSEK -10,060 (Q2 2024: KSEK 84); net loss for Q2: KSEK -11,172 (Q2 2024: KSEK -591).

• H1 2025 net sales: KSEK 2,954 (H1 2024: KSEK 23,154), down 87%.

• H1 2025 net loss: KSEK -27,311 (H1 2024: KSEK -1,352).

• Legal costs of approx. KSEK 1,600 in Q2 due to ongoing litigation.

Outlook and guidance

• Board is evaluating financing and strategic options to cover liquidity gaps until new revenue streams materialize.

• Main shareholders have provided a loan commitment of 10 MSEK to support operations during transition.

• Anticipates sustainable growth driven by new licensing agreements, product launches, and global partnerships.