Terranet (TERRNT) Q3 2025 earnings summary

Executive summary

• Delivered first MVP of BlincVision to an automotive innovation partner for external evaluation, marking a key step toward commercialization.

• Signed new evaluation agreements, including one with an international industrial group, expanding BlincVision's applications beyond automotive.

• Strengthened IP portfolio with two new Swedish patents related to motion analysis and AI-generated models, with plans for international filings.

• Increased market presence through participation in major industry events in the US, Germany, and Sweden.

Financial highlights

• Revenue for Q3 and the nine-month period was SEK 0 thousand, compared to SEK 282 thousand for the same period last year.

• Operating loss for Q3 was SEK -9.5 million (Q3 2024: -8.0 million); nine-month operating loss was SEK -29.7 million (2024: -26.3 million).

• Net loss for Q3 was SEK -13.4 million (Q3 2024: -8.7 million); nine-month net loss was SEK -34.9 million (2024: -29.1 million).

• Earnings per share for Q3 and nine months were SEK -0.01 and SEK -0.03, respectively, unchanged from last year.

• Closing cash position at September 30, 2025, was SEK 9.7 million (2024: SEK 18.5 million).

Outlook and guidance

• 2026 focus: business development for BlincVision in automotive, expansion to new sectors, and further IP strengthening.

• Ongoing customer dialogues and additional evaluation agreements expected in coming quarters.

• Commercialization efforts to intensify, leveraging established relationships and technical progress.