LED iBond (LEDIBOND) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was TDKK 142, a significant decline from TDKK 1,626 in Q3 2024; for the first nine months, revenue was TDKK 3,049, down from TDKK 5,049 year-over-year.

• Net loss for Q3 2025 was TDKK -3,936, compared to TDKK -5,168 in Q3 2024; nine-month net loss was TDKK -9,863, improved from TDKK -12,366 in the prior year.

• Cash at the end of Q3 2025 was TDKK 1,764, down from TDKK 6,314 at year-end 2024.

Financial highlights

• Gross profit for Q3 2025 was negative at TDKK -807, compared to TDKK -84 in Q3 2024; nine-month gross profit was TDKK 519, up from TDKK -223 year-over-year.

• EBITDA for Q3 2025 was TDKK -2,128, an improvement from TDKK -3,675 in Q3 2024; nine-month EBITDA was TDKK -4,291, better than TDKK -8,556 in the prior year.

• Earnings per share (EPS) for Q3 2025 was DKK -0.06, compared to DKK -0.13 in Q3 2024.

Capital allocation and financing

• Capital increase of TDKK 10,877 during the first nine months of 2025.

• Repayment of payables amounted to TDKK 7,456 in the first nine months.

• Additional capital raised totaled TDKK 12,396 in the first nine months.