Maven Wireless Sweden (MAVEN) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 33% YoY to SEK 41.856m; EBITDA and operating profit returned to positive territory, while gross margin included a one-off non-goods order.

• 9M net sales fell 22% YoY to SEK 120.286m; EBITDA was -SEK 0.906m and net loss SEK 7.391m.

• Q3 order intake reached SEK 34.9m across 49 orders from 22 customers, and the order book rose to SEK 90.5m.

• Priorities remain profitable growth, customer satisfaction, technology leadership, profitability and healthy cash flow.

Financial highlights

• Q3 gross profit was SEK 22.033m (SEK 14.507m); EBITDA was SEK 2.576m (-SEK 2.904m).

• Q3 operating profit was SEK 0.476m (-SEK 4.976m); profit for the period was SEK 0.010m (-SEK 4.189m), with EPS of SEK 0.00 (-SEK 0.08).

• 9M gross profit was SEK 54.018m (SEK 64.195m); EBITDA was -SEK 0.906m (SEK 5.681m), and operating profit was -SEK 7.641m (-SEK 0.463m).

• 9M net sales were SEK 120.286m (SEK 153.254m); net loss was SEK 7.391m (SEK 5.568m), with EPS of -SEK 0.13 (-SEK 0.11).

• Savings measures reduced operating costs by ~10% during 9M; lower sales were cited as the main reason for the weaker result.

Outlook and guidance

• Higher order intake is needed to build the 2027 revenue base, sustain investment and generate positive cash flow; H2 2026 intake is a key focus.

• Q4 began with a lower cost base and higher order book than one year earlier; priorities include profitable growth and healthy profit and cash flow.

• Nimbus test-customer order is being pursued, with commercial delivery planned for Q1 2027 and work underway toward a larger European deployment.