ScandiDos (SDOS) Q2 2026 earnings summary

Executive summary

• Achieved profitability in Q2 2025/26 despite challenging market conditions, with EBITDA of 0.9 Mkr and net income of 0.3 Mkr, though revenue declined 8% year-over-year to 14.9 Mkr.

• Business activity increased, enabling a return to profitability, but project delays, currency headwinds, and lower accessory sales impacted results.

• Asia remained the largest market, with continued recovery in China; Europe faced long procurement cycles, and North America saw growth from system upgrades.

Financial highlights

• Q2 2025/26 revenue was 14.9 Mkr, down 8% year-over-year; six-month revenue was 26.4 Mkr, down 9%.

• Gross margin improved to 76% from 70% in Q2, aided by lower inventory write-downs.

• EBITDA for Q2 was 0.9 Mkr, flat year-over-year; six-month EBITDA was -0.7 Mkr, down from 1.1 Mkr.

• Net income for Q2 was 0.3 Mkr, down from 0.5 Mkr; six-month net loss was -1.9 Mkr, compared to -0.2 Mkr last year.

• Cash flow from operations improved to -3.4 Mkr in Q2 from -9.6 Mkr last year; cash at period end was 5.7 Mkr.

Outlook and guidance

• Demand for measurement systems remains strong; a new system is in late-stage development, with internal and reference clinic validation planned over the next two quarters.

• Management maintains a positive outlook, focusing on cost control and profitable growth.