Vidhance (VIDH) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was SEK 3.3 million, down from SEK 4.8 million year-over-year, mainly due to delayed customer launches and one-off costs for new subsidiaries and restructuring.

• EBITDA for the quarter was SEK -5.6 million, an improvement from SEK -6.6 million in Q1 2025.

• Net result after tax was SEK -6.2 million, compared to SEK -8.7 million in the same quarter last year.

• Cash flow after investments was SEK -4.4 million, with cash and cash equivalents at SEK 25.0 million at quarter-end.

• Significant progress in the Defence and Vision Systems segment, including the first order in this area and intensified marketing efforts.

Financial highlights

• Operating expenses for Q1 2026 were SEK 9.6 million, down from SEK 13.7 million year-over-year.

• Result per share was SEK -1.35, compared to SEK -1.89 in Q1 2025.

• Equity at quarter-end was SEK 24.6 million, down from SEK 48.1 million a year earlier.

• Investments in intangible assets (mainly patents) totaled SEK 175 thousand for the quarter.

Outlook and guidance

• Delayed customer launches are expected to impact Q2 and Q3, but full-year outlook remains unchanged.

• Continued focus on cost control and maintaining a strong cash position while establishing new business segments.

• Defence and Vision Systems pipeline is developing well, with longer sales cycles but strong market interest.