Miris (MIR) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were 3,436 tkr, a 25% decrease year-over-year due to delayed investments and longer decision cycles, especially in the US market.

• Despite lower sales, the order pipeline grew by nearly 5 mkr since year-end, reaching approximately 35 mkr.

• Positive market signals post-quarter include increased order activity and customer engagement, supporting expectations for sales recovery in upcoming quarters.

• The company maintains its profitability target for 2026, viewing the Q1 sales dip as temporary.

Financial highlights

• Net sales: 3,436 tkr (4,585 tkr in Q1 2025), down 25% year-over-year.

• Result after tax: -2,478 tkr (-1,925 tkr in Q1 2025).

• Cash position at March 31: 3,858 tkr (22 tkr in Q1 2025).

• Net debt/equity ratio: -0.04 (14.06 in Q1 2025).

• Equity at March 31: 17,619 tkr (812 tkr in Q1 2025).

• Average number of employees: 9.0 (10.0 in Q1 2025).

Outlook and guidance

• Management expects most delayed orders to be realized during 2026, with a strong pipeline supporting recovery.

• Profitability target for 2026 remains unchanged despite Q1 setback.

• Increased market activity and new orders post-quarter indicate improving conditions.