Senzime (SEZI) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 14% reported and 12% currency-adjusted to SEK 30.099m; disposable sensor sales grew 43% across the US, Europe and Rest of World.

• Gross margin reached 74.0%, EBITDA improved to SEK -8.026m and operating expenses fell 15% YoY.

• Positive cash flow remains targeted within Q4 2026, though ambitious full-year sales growth targets remain challenging.

Financial highlights

• Q1–Q3 sales were SEK 78.002m, up 3% reported and 7% currency-adjusted.

• Q3 operating profit was SEK -14.232m vs SEK -25.425m; net loss was SEK 11.254m vs SEK 25.534m, with EPS of SEK -0.07 vs SEK -0.16.

• Q3 cash flow improved to SEK -8.7m from SEK -28.3m; operating cash flow was SEK -6.3m vs SEK -23.8m.

• Q1–Q3 EBITDA was SEK -45.495m vs SEK -63.806m; operating expenses were SEK 100.802m vs SEK 114.146m.

• Q3 gross margin before depreciation on intangible assets was 74.0% vs 61.2%; excluding net US customs-duty effects, it was 73.2%.

Outlook and guidance

• Positive cash flow remains targeted within Q4 2026, supported by sensor growth, improved margins, cost control and working-capital management.

• Long-term gross margin ambition is above 70%; management cited challenges in meeting ambitious full-year sales growth targets.

• Philips and other OEM partnerships are intended to become a second growth engine, with an ambition for OEM revenue to eventually exceed half of total revenue.