Xer Tech (XER) Q1 2026 earnings summary

Executive summary

• Completed a reverse acquisition of Xer Tech AB, shifting focus to aerospace technology and drone systems for commercial and defense markets.

• Q1 2026 revenue surged to SEK 5.6 million from SEK 0.2 million year-over-year, mainly from a major drone system delivery.

• Cash position strengthened to SEK 42.1 million, ensuring funding well into 2027 at current spending levels.

• Expanded commercial and defense partnerships, with notable contracts in Europe and ongoing NATO collaborations.

Financial highlights

• Net revenue for Q1 2026: SEK 5.6 million (Q1 2025: SEK 0.2 million).

• Operating costs increased to SEK -32.0 million (Q1 2025: SEK -9.8 million), driven by non-cash listing costs from the reverse takeover.

• Net result: SEK -26.2 million (Q1 2025: SEK -6.7 million).

• Earnings per share: SEK -0.92 (Q1 2025: SEK -67).

• Cash and cash equivalents: SEK 42.1 million (Q1 2025: SEK 1.0 million).

• Equity as of March 31, 2026: SEK 54.8 million (Q1 2025: SEK -63.7 million).

Outlook and guidance

• Management expects larger defense orders to materialize in 2026, supporting continued growth.

• Focus remains on scaling sales, expanding defense partnerships, and advancing platform capabilities.

• Shareholders approved authorization for a capital increase to support strategic acquisitions.