ScandiDos (SDOS) Q4 2026 earnings summary

Executive summary

• Achieved operational profitability in Q4, reversing prior losses, with EBITDA at 0.8 Mkr compared to -0.2 Mkr year-over-year.

• Full-year revenue declined 12% to 54.2 Mkr, mainly due to lower product sales in Europe, North America, and India, and adverse currency effects.

• Net result for the year was -3.4 Mkr, down from 0.3 Mkr the previous year.

• Leadership change: new interim CEO appointed in May 2026.

• Announced new product Delta4 SRS Pro and upcoming rights issue to strengthen liquidity.

Financial highlights

• Q4 net sales: 14.2 Mkr, down 7% year-over-year; full-year net sales: 54.2 Mkr, down 12%.

• Q4 gross margin improved to 73% (from 70%); full-year gross margin at 75% (from 73%).

• Q4 EBITDA: 0.8 Mkr (vs. -0.2 Mkr); full-year EBITDA: -0.7 Mkr (vs. 2.3 Mkr).

• Q4 net result: 0.1 Mkr (vs. -0.6 Mkr); full-year net result: -3.4 Mkr (vs. 0.3 Mkr).

• Cash flow from operations improved to -2.9 Mkr for the year (vs. -7.2 Mkr prior year).

Outlook and guidance

• Focus remains on cost efficiency and profitability improvements.

• New product launches, especially Delta4 SRS Pro, expected to drive future growth.

• Market conditions remain challenging in Europe and North America, but growth seen in China.