Ortivus (ORTI) Q1 2026 earnings summary

Executive summary

• Net sales rose 18% year-over-year to SEK 21.5 million, with recurring contracts contributing SEK 11.2 million.

• Gross margin improved to 47% from 42% year-over-year, reflecting a shift toward higher-margin services and licenses.

• EBITDA turned positive at SEK 1.7 million, compared to SEK -1.1 million in Q1 2025.

• Net profit after tax was SEK -1.3 million, an improvement from SEK -2.4 million year-over-year.

• Strategic focus on AI integration in products and operations, with new product modules and upgrades rolled out.

Financial highlights

• Revenue in the UK increased to SEK 10.6 million from SEK 7.9 million year-over-year.

• Operating expenses were SEK 11.1 million, up from SEK 10.0 million, mainly due to increased R&D and changes in reporting structure.

• Cash flow from operating activities was SEK -7.3 million, impacted by lower accounts payable and decreased operating expenses.

• Cash and cash equivalents at period end totaled SEK 7.1 million, up from SEK 2.1 million year-over-year.

• Equity ratio improved to 31% from -16% year-over-year.

Outlook and guidance

• No formal forecasts provided; management highlights ongoing market transition and strong customer interest in new product generation.

• Continued focus on AI-driven innovation and expansion of recurring revenue streams.