Obducat (OBDU) Q1 2026 earnings summary

Executive summary

• Revenue increased by 94% year-over-year to 13.0 MSEK, with improved operating results and a strengthened cash position following a rights issue.

• A major three-year Foundry Services contract worth at least 115 MSEK was signed post-period, supporting growth and exceeding the 100 MSEK rolling 12-month order intake target.

• System orders to universities and institutes reinforce the position in academic research and advanced development environments.

Financial highlights

• Revenue: 13.0 MSEK (6.7 MSEK Q1 2025), gross margin: 69% (60%), operating result: -6.6 MSEK (-9.4 MSEK), pre-tax result: -10.5 MSEK (-13.4 MSEK).

• Cash flow for the quarter was 5.3 MSEK, positively impacted by the rights issue which raised 37.2 MSEK before costs.

• Order intake for the quarter was 9.5 MSEK (12.1 MSEK), with an order backlog of 59.1 MSEK (97.5 MSEK).

• Equity at period end was 75 KSEK, with a solidity of 0%.

Outlook and guidance

• The goal of achieving positive cash flow in 2026 remains, supported by a strong order backlog and new contracts.

• Ambition to exceed 100 MSEK in both order intake and revenue on a rolling 12-month basis, with a targeted annual revenue growth rate (CAGR) of at least 15% from 2026 to 2028.