Overview
US sensor technology firm's Q1 revenue grew 15% yr/yr, driven by force-sensing product shipments
Net loss for Q1 narrowed, reflecting higher revenue and gross profit
Company announced letter of intent to acquire manufacturing solutions provider for mission-critical sectors
Outlook
Company expects initial production of electrodes for test strips later in 2026, pending clinical trials
Company plans to open new R&D and production facility in South Yorkshire, England in July
Result Drivers
FORCE-SENSING AND PRINTED ELECTRONICS SHIPMENTS - Co said higher shipments of force-sensing and printed electronics products drove revenue growth
PRODUCT MIX - Co attributed higher gross margin to increased revenue and changes in the mix of products and services
GAS-SENSOR SALES - Lower sales of gas-sensor products partially offset overall revenue gains
Company press release: ID:nGNX1tPXlm
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$3.07 mln
Q1 EPS
-$0.02
Q1 Net Income
-$338,000
Q1 Gross Margin
43.50%
Q1 Income from Operations
-$450,000
Q1 Operating Expenses
$1.79 mln
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.)