Maven Wireless Sweden (MAVEN) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue was SEK 31.4 million, a 13% decrease year-over-year, with gross margin improving to 46% from 41% due to favorable product mix.

• EBITDA for Q3 was SEK -2.9 million, impacted by low revenue and ongoing investments, similar to last year.

• New CEO Anders Olin will assume leadership in January 2026, investing SEK 5 million and bringing extensive industry experience.

• Leadership changes in sales, including new CSO and SVP Americas, aim to strengthen commercial execution and North American expansion.

• Order intake dropped to SEK 20.7 million from SEK 64.9 million year-over-year, but the quotation backlog increased, indicating potential for future recovery.

Financial highlights

• Net sales for Q3 2025 were SEK 31.4 million, down from SEK 35.9 million in Q3 2024.

• Gross profit for Q3 2025 was SEK 14.5 million, with a gross margin of 46%.

• EBITDA margin for Q3 2025 was -9%, compared to -8% in Q3 2024.

• Operating income (EBIT) for Q3 2025 was SEK -5.0 million, with an operating margin of -16%.

• Earnings per share before and after dilution for Q3 2025 was SEK -0.08.

Outlook and guidance

• Some planned deliveries shifted from Q3 to Q4, impacting quarterly revenue.

• Increased quotation backlog and ongoing customer negotiations are expected to support improved order intake in coming quarters.

• Expansion in North America and new product launches, including the Nimbus platform, are anticipated to drive future growth.

• The company is well positioned for the next phase of the 5G rollout, with a focus on indoor coverage solutions.