Sweden's Qualisys prelim Q3 net sales fall due to delayed orders

By Reuters News


Overview

  • Sweden motion capture tech firm's preliminary Q3 net sales fell 15% yr/yr

  • Preliminary Q3 operating profit dropped sharply due to lower volumes and commercialization costs

  • Shortfall driven by delayed orders, US funding constraints, and Middle East geopolitical uncertainty


Outlook

  • Company says financial targets remain unchanged


Result Drivers

  • VOLUME DROP - Co said lower sales volumes contributed to decline in operating profit

  • COMMERCIALIZATION COSTS - Co attributed lower EBIT margin to costs related to markerless technology roll-out

  • DELAYED ORDERS - Co said shortfall was mainly due to delayed orders from constrained US research funding and Middle East geopolitical uncertainty


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Sales

SEK 46 mln

Q3 Operating Profit

SEK 200,000


Analyst Coverage

  • Wall Street's median 12-month price target for Qualisys Holding AB (publ) is SEK69.00, about 34.8% above its October 19 closing price of SEK51.20

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago


Reuters Recommended Reads

  • Oct 20 - Sweden's Exsitec Q3 net sales rise on recurring software revenue

  • Oct 20 - Sweden's Byggmax Q3 sales and profit rise

  • Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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