LightOn (ALTAI) Q2 2026 TU earnings summary

Executive summary

• Revenue for H1 2026 increased by 51% year-over-year, reaching €1.1 million, with growth driven by new contracts and expanded product offerings.

• The company enhanced its sovereign AI solutions, notably LightOnOCR-2, now supporting Arabic, and secured operational deployments with over 15 public institutions.

• A new CEO was appointed in July 2026, prioritizing conversion of the sales pipeline, operational execution, and cost optimization.

Financial highlights

• H1 2026 revenue: €1.1 million, up 51% from H1 2025.

• Paradigm license sales rose 34% year-over-year; related services revenue increased tenfold.

• Annual Recurring Revenue (ARR) at June 30, 2026, was €1.9 million, stable versus December 2025.

Outlook and guidance

• Cash runway now projected through end-2026, revised from previous guidance of end-2027.

• Ongoing discussions with a key shareholder for financing could extend cash horizon to end-2027.

• Focus remains on leveraging sovereign positioning and innovative features to drive growth in H2 2026.