Net Insight (NETI) Q2 2026 earnings summary

Executive summary

• Q2 2026 net sales were SEK 91.3 million, down 36% year-over-year, mainly due to the absence of large media orders and weaker Media segment sales.

• Operating loss (EBIT) widened to SEK -25.9 million, reflecting lower revenue and higher net loss.

• Strategic progress included first customer orders for Nimbra 520, ongoing Time Synchronization sales funnel development, and new product launches.

• Cash flow from operating activities improved to SEK 3.3 million, driven by reduced working capital.

• Available liquidity at period end was SEK 165 million, with actions underway to strengthen commercial execution and broaden the customer base.

Financial highlights

• Q2 2026 net sales: SEK 91.3 million (-36.0% YoY); Media revenue: SEK 79 million; Time Synchronization revenue: SEK 12 million (up from SEK 4 million YoY).

• Gross margin: 68.6% for Q2 2026.

• EBITDA for Q2: SEK -3.8 million (margin -4.2%).

• Operating cash flow: SEK 3.3 million; total cash flow: SEK -19.3 million after SEK 22 million in investments.

• Cash at period end: SEK 79.8 million; available liquidity: SEK 165 million including credit facilities.

Outlook and guidance

• Q3 is expected to be significantly weaker than the same quarter last year, with continued uncertainty around timing of large media orders.

• Long-term financial targets remain unchanged, but achieving them by 2027 is now seen as challenging.

• Time Synchronization revenue is expected to build gradually as more customers progress through the sales funnel.

• Focused actions are underway to strengthen the Media portfolio, improve sales efficiency, and drive conversion in Time Synchronization.