Insplorion (INSP) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 were SEK 604k, down from SEK 951k in Q1 2024, reflecting fluctuating sales in research instruments and hydrogen sensor prototypes.

• Loss after financial items was SEK -4,238k, slightly higher than SEK -4,158k in the prior year, but with reduced operational costs as hydrogen product development nears completion.

• Insplorion advanced its transition from a development to a commercial product company, with ATEX certification for its NPS-P2 hydrogen detector nearing completion and initial deliveries already made.

• Signed an exclusive distribution agreement with Consilium Safety Group for the marine market and received a notable order from a large US space company post-period.

Financial highlights

• Net sales: SEK 604k in Q1 2025 vs. SEK 951k in Q1 2024.

• Profit after financial items: SEK -4,238k in Q1 2025 vs. SEK -4,158k in Q1 2024.

• Earnings per share: SEK -0.09 (Q1 2025) vs. SEK -0.20 (Q1 2024).

• Cash flow from operating and investing activities: SEK -5,081k in Q1 2025 vs. SEK -5,502k in Q1 2024.

• Cash and cash equivalents at period end: SEK 7,574k (Q1 2025) vs. SEK 5,603k (Q1 2024).

Outlook and guidance

• Focus remains on commercializing hydrogen sensors, completing ATEX certification, and scaling up for volume production.

• Ambition to realize more customer-financed projects and expand commercial partnerships, with ongoing discussions with potential strategic partners.

• Application to the European Innovation Council's Accelerator program could provide up to MEUR 2.5 in funding if granted.