SpectrumOne (SPEONE) Q3 2025 earnings summary

Executive summary

• Focused on scalable data platforms, partner-driven sales, and a leaner group structure, resulting in improved operational efficiency and cost reduction.

• PRISM platform gained commercial traction with new features, AI-based services, and key partnerships, including a national-level governmental order.

• Qbim AB listed on Nasdaq First North, simplifying group structure and unlocking value through a 30% ownership stake.

• Passive investment in Health Impact Alliance (HIA) validated by a new agreement with Connect America, supporting the original investment case.

Financial highlights

• Q3 2025 net sales were SEK 0.7 million, down from SEK 1.8 million year-over-year; gross margin improved to 92.0% from 88.5%.

• EBITDA for Q3 was SEK 12.4 million, up from SEK -1.8 million; EBIT was SEK 10.1 million, up from SEK -8.5 million.

• Net financial items for Q3 were SEK -20.3 million, leading to a pre-tax loss of SEK -10.2 million (Q3 2024: SEK -10.3 million).

• Earnings per share before dilution for Q3 was SEK -0.03 (Q3 2024: SEK -0.02).

• For the first nine months, net sales were SEK 3.2 million (2024: SEK 9.6 million), with a gross margin of 64.7% (2024: 80.9%).

Outlook and guidance

• Continued focus on partnerships, profitability, and operational streamlining to achieve a sustainable financial position.

• Ongoing prioritization of PRISM platform development and commercial expansion.