Sweden · Delayed Price · Currency is SEK Invisio AB Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue rose 40% to SEK 408m and order intake reached a record SEK 566m, as U.S. demand recovered. Margin was 56%, pressured by tariffs, mix and component stocking; the Canadian framework agreement has potential value up to SEK 450m.
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Q2 saw 20% revenue growth year-over-year, driven by Europe, while U.S. order intake was delayed but expected to recover in H2. Gross margin was impacted by a final low-margin radio order, and new products like the T30 headset are anticipated to drive future growth.
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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 revenues were achieved, driven by strong order intake, new product launches, and major framework agreements, despite challenges like the U.S. government shutdown and currency headwinds. The company enters 2026 with a robust order book and expects continued high demand amid increased defense spending.
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Q3 2025 was marked by strong order intake and major new contracts, but revenue fell short due to delivery delays and product complexity. Gross margin remained solid despite tariff and currency headwinds, and new products are expected 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, robust margins, and a strong order book set the stage for continued expansion in 2025. The UltraLYNX acquisition and updated $25B addressable market highlight future growth opportunities.
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The company has achieved strong growth through innovative communication and hearing protection solutions for defense and law enforcement, with a scalable business model and long-term contracts. Anticipated increases in military spending and ongoing product innovation are expected to drive further expansion.
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Record Q3 order intake and revenues were achieved, with a robust order book and strong cash flow. Gross margin was slightly lower due to product mix, but underlying profitability and outlook remain strong, supported by new product launches and anticipated defense spending increases.
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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.
Fiscal Year 2023
Fiscal Year 2022
Fiscal Year 2021
Fiscal Year 2020
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H1 revenue grew 18% YoY despite a Q2 shipment delay that shifted SEK 12m into July. Smaller orders, law-enforcement expansion, and Intercom customer trials supported growth plans, while COVID-19 continued to disrupt shipping and administrative timelines.
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Q1 revenue rose ~75% YoY to nearly SEK 117m, while operating margin reached 12.3%. First intercom deliveries began, and COVID-19 disruption remained limited as the business continued investing for growth.
Fiscal Year 2019
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Q4 revenue exceeded SEK 200m and FY revenue rose 40% to SEK 514m, with operating profit nearly doubling. New defense and police wins broadened opportunities, while intercom sales and larger tenders depend on testing, funding and procurement timelines.
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Q3 revenue rose 35% YoY to ~SEK 110m, while 9M revenue reached a record SEK 313m. U.S. Marine Corps, DoD, Belgian Army and Swedish police awards support growth prospects, though framework volumes are not guaranteed.
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Q2 set records for revenue, gross profit, margin, EBIT and order intake; H1 revenue rose ~15% YoY. U.S. program wins strengthened the outlook, while Intercom orders remained subject to customer testing and funding.
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Q1 revenue fell ~20% YoY to SEK 67m, while gross margin was almost 61%. A post-quarter SEK 111m U.S. order and a positive outlook were tempered by uneven order flow and a low backlog.
Fiscal Year 2018
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Delayed orders weighed on 2018 revenue and profit, while full-year gross margin improved to 56.4%. U.S. GSA access, a confirmed Intercom order and 2019 product launches support the growth outlook.
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Q3 revenue rose 7% and gross margin expanded to 58.1%, but delayed, lumpy orders reduced intake. Growth initiatives raised costs; intercom and expected larger-market orders offer longer-term upside, with timing uncertainty.
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Q2 sales rose ~11% YoY, order intake reached ~SEK 115m and gross margin exceeded the historical 50%–55% range. Intercom pilots were possible by year-end 2018, with significant sales expected only well into 2019.
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Q1 revenue was comparable with the strong prior-year quarter, while gross margin reached 59.6% and operating margin was 22%. Growth initiatives include a renewed Danish Army agreement, U.S. manufacturing and intercom systems targeted for late 2018.