Sweden's Paxman Q2 revenue rises 40% as net income turns positive

Paxman AB (publ)

21/08/2026 06:15

Overview
Sweden scalp cooling tech developer's Q2 revenue rose 40% yr/yr to 105 MSEK
Adjusted EBITDA margin improved to 18.5% from 14.5% yr/yr
Net income turned positive at 2.6 MSEK, EPS at 0.11 SEK

Outlook
Company did not provide specific financial guidance for the current quarter or full year

Result Drivers
US REVENUE GROWTH - Co said U.S. revenues rose 76% yr/yr, with strong increases in both Paxman and Dignitana product lines

Company press release: ID:nMFN1vNJfv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 105 mln
 
Q2 EPS
 
SEK 0.11
 
Q2 Net Income
 
SEK 2.60 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Paxman AB (publ) is SEK92.00, about 96.2% above its August 20 closing price of SEK46.90
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 19 three months ago

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Aug 18 - Sweden's OssDsign Q2 sales rise 2.4% gross margin falls
Aug 20 - Sweden's SenzaGen Q2 revenue rises, core loss narrows

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(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.)