Singulus Technologies (SNG) Q1 2026 earnings summary

Executive summary

• Revenues increased to €21.8 million in Q1-2026 from €16.4 million in Q1-2025, with order intake rising sharply to €28.8 million from €6.4 million year-over-year.

• EBIT improved to €2.2 million in Q1-2026 from €0.5 million in Q1-2025, and net result turned positive at €1.3 million versus a loss of €0.3 million.

• Order backlog increased to €69.5 million as of March 31, 2026.

• For full year 2025, net revenue was €48.2 million, down from €75.8 million in 2024, with a net loss of €14.2 million and negative EPS of €1.60.

• Strategic cooperation and refinancing agreements were concluded, strengthening financial stability.

Financial highlights

• Gross profit margin in Q1-2026 was 36.0%, up from 34.6% in Q1-2025.

• Operating cash flow in Q1-2026 was negative at €-1.5 million, but total cash flow was positive at €0.9 million due to financing activities.

• Cash and cash equivalents increased to €7.0 million at the end of Q1-2026 from €6.2 million at year-end 2025.

• Shareholders' equity remained negative at €-62.1 million at Q1-2026 end.

• Revenue, EBIT, and order intake all showed strong year-over-year growth.

Outlook and guidance

• Sales are expected to rise to approximately €83.0 million in 2026, up from €48.3 million in 2025.

• EBIT is forecast to be positive in the low single-digit million range for 2026.

• Revenue distribution in 2026 is projected at ~50% Solar, ~25% Semiconductor, and ~25% Life Science, or a 2:1:1 ratio.

• Strategic collaboration with a leading technology company in the Solar segment is expected to drive growth.