Rolling Optics (RO) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue was 6,649 TKR, down 3% year-over-year; net loss widened to -7,352 TKR from -2,786 TKR, mainly due to continued investments in product development and production capacity.

• For January–September, revenue increased 8% to 27,702 TKR, but net loss deepened to -19,165 TKR from -9,209 TKR year-over-year.

• Cash at period end was 25,964 TKR, with no interest-bearing debt; order intake for Q3 rose to 6,283 TKR from 1,157 TKR, but order backlog fell to 7,209 TKR from 14,090 TKR.

Financial highlights

• Q3 operating loss was -7,121 TKR versus -2,901 TKR last year; total Q3 costs increased to 13,845 TKR from 10,124 TKR.

• Cash flow from operations in Q3 was -12,968 TKR, a sharp decline from 2,918 TKR last year; for the nine months, operating cash flow was -24,833 TKR.

• Equity at period end was 71,941 TKR; equity per share was 0.27 SEK.

• No interest-bearing debt; net cash position at period end was 25,964 TKR.

Outlook and guidance

• Management believes current liquidity is sufficient for at least the next 12 months based on the strategic plan.

• No material events have occurred after the reporting period.