Net Insight (NETI) Q3 2026 earnings summary

Executive summary

• Q3 net sales were SEK 103.9 million, down 29.4% YoY but up 14% QoQ; lower Media revenue drove the decline.

• Commercial progress included two new Time Synchronization customers and broader Media portfolio opportunities, though revenue contribution remains limited.

• Priorities remain customer conversion, repeatable Media revenue growth, execution and cost discipline.

Financial highlights

• Net sales fell 29.4% YoY to SEK 103.9 million; the FX-adjusted decline was 30.0%.

• Gross earnings were SEK 56.9 million, down 26.7% YoY.

• Net loss was SEK 8.0 million versus net income of SEK 21.2 million; diluted EPS was SEK -0.02 versus SEK 0.06.

• EBITDA excluding SEK 2.1 million of restructuring costs was SEK 19.0 million; EBIT adjusted for restructuring costs was SEK -3.1 million.

• Operating expenses were SEK 57.8 million and broadly stable YoY; Q3 one-off costs were SEK 2.1 million.

Outlook and guidance

• Financial targets remain average annual organic net sales growth above 15% and an EBIT margin reaching 20% for 2023–2027; achieving them in 2027 will be challenging and depends substantially on Zyntai adoption and timing.

• Time Synchronization revenue is expected to build gradually as customers progress through long decision cycles, rollout and full operations.

• Q4 priorities are execution, customer conversion and turning product investments and customer engagements into repeatable revenue growth.