Sweden · Delayed Price · Currency is SEK Invisio AB Earnings Call Transcripts
Fiscal Year 2026
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Strongest Q1 to date with 30% revenue growth and robust order intake, despite a lower gross margin due to a one-off donation sale. Major U.S. Coast Guard contract delivered, and high demand expected to continue, with U.S. order recovery anticipated in coming quarters.
Fiscal Year 2025
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Record Q4 and full-year results were driven by strong order intake, new framework agreements, and a shift to system sales. Stable margins, robust cash flow, and a growing order book position the company for continued growth in 2026 amid high defense spending.
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Q3 2025 saw strong order intake and major new contracts, but revenue fell short due to delivery delays and increased product complexity. Gross margin remained solid despite tariffs and currency headwinds, and new products are set to drive growth from 2026.
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Q2 saw SEK 430 million in revenue and strong order intake, with robust market activity driven by defense spending trends. Gross margin was impacted by tariffs and currency, but new products and acquisitions are expected to support future growth.
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Q1 revenue rose nearly 10% year-over-year, setting a new Q1 record, though order intake was lower due to tough comparisons. The order book remains strong, new products and the UltraLYNX acquisition expand the portfolio, and increased defense budgets are expected to drive growth in the second half of 2025.
Fiscal Year 2024
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Record Q4 and full-year results with 46% revenue growth and a robust order book set the stage for continued strong performance in 2025. The acquisition of UltraLYNX expands the product portfolio, and the addressable market estimate has risen to $25 billion annually.
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The company is a leader in communication and hearing protection for military and law enforcement, with strong growth driven by innovation, long-term contracts, and rising defense spending. Intercom systems are a growing revenue stream, and Europe and Southeast Asia show strong demand.
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Record Q3 order intake and revenues were achieved, with strong demand across all markets and product lines. Gross margin remains healthy, and a robust order book and inventory position support a positive outlook, especially as military spending is set to rise from 2025.
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Record Q2 sales and strong growth were driven by a major radio/intercom order and new product launches. Gross margin for regular business improved to 63.2%, and the order book remains robust, supporting a positive outlook for H2 2024.