Rolling Optics (RO) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were 6,771 TSEK, a 24% decrease year-over-year; operating loss widened to -6,187 TSEK from -3,665 TSEK.

• Cash flow from operations was -2,601 TSEK; period-end cash position improved to 48,842 TSEK.

• Order backlog increased to 15,886 TSEK from 11,120 TSEK year-over-year, despite lower sales.

• Strategic investments in production and product development led to higher costs and negative results.

• Brand Protection remains the largest revenue contributor; long lead times expected in High Security segment.

Financial highlights

• Total income for Q1 2025 was 7,325 TSEK, down from 9,139 TSEK year-over-year.

• Net loss for the period was -6,209 TSEK, compared to -4,057 TSEK in Q1 2024.

• Earnings per share were -0.03 SEK, down from -0.02 SEK year-over-year.

• Cash flow from financing activities was 19,177 TSEK, mainly from a fully subscribed rights issue.

• Equity at period-end was 84,427 TSEK, up from 68,729 TSEK year-over-year.

Outlook and guidance

• Management expects continued long lead times for customer adoption in the High Security segment.

• Investments in production capacity and product development are expected to support future larger orders.

• Cash reserves are considered sufficient to fund operations for at least the next 12 months.