Motion Display (MODI) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was 8.06 MSEK, down 53% year-over-year, with a net loss of -2.61 MSEK compared to a profit of 2.43 MSEK last year.

• Q2 2025 revenue fell 68% to 2.39 MSEK, with a net loss of -2.24 MSEK versus 0.41 MSEK profit in Q2 2024.

• U.S. tariffs on China-sourced goods severely impacted sales, with the U.S. accounting for less than 20% of total revenue in H1.

Financial highlights

• Gross profit for H1 2025 was 4.53 MSEK, down 59% year-over-year.

• EBITDA for H1 was -1.67 MSEK, compared to 3.87 MSEK last year.

• Cash flow for H1 was -0.19 MSEK, with cash at period end at 0.20 MSEK.

• Equity at period end was 4.84 MSEK, with an equity ratio of 32%.

Outlook and guidance

• Uncertainty remains regarding U.S. tariffs on Chinese imports, which continue to affect demand and financial stability.

• Ongoing discussions with U.S. customers and consideration of relocating production to the U.S.

• Orders worth 3 MSEK from a major U.S. cosmetics company are expected for Q4 delivery.