Vidhance (VIDH) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 was 3.8 MSEK, down from 6.9 MSEK in Q3 2024, reflecting continued weakness in the smartphone market and seasonal effects.

• EBITDA for Q3 2025 improved slightly to -3.9 MSEK from -4.1 MSEK in Q3 2024, as cost-saving measures began to take effect.

• Net result after tax for Q3 2025 was -5.1 MSEK, an improvement from -6.5 MSEK in Q3 2024.

• Cash flow after investments for Q3 2025 was -5.2 MSEK, compared to -1.9 MSEK in Q3 2024.

• A new CEO, Johan Bolin, was appointed on August 15, 2025.

Financial highlights

• Revenue for January–September 2025 was 13.9 MSEK, down from 24.1 MSEK year-over-year.

• EBITDA for the nine-month period was -14.5 MSEK, compared to -10.4 MSEK in the same period last year.

• Net result after tax for January–September 2025 was -19.5 MSEK, compared to -17.7 MSEK year-over-year.

• Cash and cash equivalents at the end of Q3 2025 were 34.1 MSEK, down from 47.3 MSEK at the end of Q3 2024.

• Equity at the end of Q3 2025 was 37.2 MSEK, compared to 61.0 MSEK at the end of Q3 2024.

Outlook and guidance

• Cost reductions and efficiency improvements are expected to further lower costs in the next two quarters.

• Strategic focus is shifting towards professional systems in healthcare and defense, aiming for more predictable, recurring revenue streams.

• The company is broadening its product strategy from camera enhancement to camera-based systems and vision solutions.