VibroSense Dynamics (VSD) Q2 25/26 earnings summary

Executive summary

• Revenue for Q2 2026 was SEK 381,861, up from SEK 271,798 year-over-year, driven by sales and rentals of diagnostic instruments.

• Net loss after financial items improved to SEK -811,130 from SEK -1,437,341 year-over-year.

• Significant milestones included new patents, regulatory approvals, and distributor agreements in Japan, Singapore, Turkey, and Poland.

• Legal proceedings initiated against the Chinese distributor for breach of exclusivity.

Financial highlights

• Six-month revenue was SEK 699,741, down from SEK 1,025,394 year-over-year.

• Six-month net loss after financial items was SEK -1,800,658, an improvement from SEK -2,669,671 year-over-year.

• Earnings per share for Q2 was SEK -0.02, compared to SEK -0.06 last year.

• Cash and cash equivalents at June 30, 2026, were SEK 4,845,864.

• Q2 cash flow was SEK -905,283, compared to SEK 731,768 last year.

Outlook and guidance

• Management expects continued international expansion, leveraging new distributor partnerships and regulatory approvals.

• The company maintains a strong pipeline and aims to deepen collaborations in Turkey, Poland, and Singapore.

• Sufficient liquidity is expected to support operations through 2026.