ScandiDos (SDOS) Q1 25/26 earnings summary

Executive summary

• Revenue for Q1 2025/26 was SEK 11.5 million, down 9% year-over-year, reflecting seasonal weakness and a strong prior-year quarter.

• Gross margin remained high at 75%, slightly below last year's 77%.

• EBITDA was negative at SEK -1.6 million, compared to SEK 0.2 million in Q1 last year, mainly due to lower gross profit and absence of prior year cost-saving effects.

• Net result for the quarter was SEK -2.2 million, down from SEK -0.6 million year-over-year.

• Cash flow from operations improved to SEK 0.5 million, supported by customer payments and prepayments.

Financial highlights

• Revenue decreased 9% year-over-year to SEK 11.5 million; in constant currency, the decline was 7%.

• Gross profit was SEK 8.9 million, down SEK 1.1 million from last year.

• EBITDA margin was -14% versus 1% last year.

• Net result per share was SEK -0.04, compared to SEK -0.01 last year.

• Cash and cash equivalents at period end were SEK 9.5 million, down from SEK 19.1 million a year earlier.

Outlook and guidance

• Management expects gradual improvement in results over the remainder of the year, with a focus on maintaining annual profitability.

• Ongoing product development and market expansion, especially in Asia and through new software solutions, are expected to drive future growth.