LightAir (LAIR) Q4 2025 earnings summary

Executive summary

• Revenue for 2025 was 14,428 TSEK, down from 16,698 TSEK year-over-year, reflecting a strategic shift and reduced sales resources.

• EBITDA improved to -7,245 TSEK from -17,958 TSEK, driven by significant cost reductions of 47% for the year.

• Net loss per share narrowed to -0.45 SEK from -7.69 SEK year-over-year.

• Focus shifted to B2B and industrial/commercial air purification, with consumer sales largely discontinued.

• Major product development included the launch of a new Heavy-Duty air purifier for demanding industrial environments.

Financial highlights

• Order intake for the year was 14,812 TSEK (18,227 TSEK prior year); order book at year-end was 7,658 TSEK.

• Cash flow from operations improved to -5,995 TSEK from -14,792 TSEK year-over-year.

• Equity increased to 18,846 TSEK (9,116 TSEK prior year); liquidity strengthened by a rights issue.

• Soliditet (equity ratio) rose to 48.4% from 34.1%.

• B2B sales accounted for 13,808 TSEK of revenue, with 6,153 TSEK from subscriptions.

Outlook and guidance

• Continued focus on cost control and scalable sales through partnerships, with a new sales consultancy model launching in 2026.

• Anticipates increased sales volumes and improved profitability as new products and sales strategies take effect.

• Ongoing investment in product development and expansion into industrial and healthcare segments.