Sweden's Qlucore Q3 net sales slump due to intense competition

Qlucore publ AB

26/02/2026 07:39

Overview

Swedish AI software developer's Q3 net sales fell 32% yr/yr due to competition and savings

Adjusted EBITDA loss for Q3 narrowed significantly

Company launched Qlucore Omics Explorer 3.11 with protein data support

Outlook

Company is focusing on expanding market presence in diagnostics segment

Qlucore is developing new diagnostic tests within EU-funded projects

Company faces restrictive purchasing behavior due to geopolitical and economic factors

Result Drivers

PRODUCT LAUNCH - Qlucore launched Omics Explorer 3.11 during Q3, focusing on protein data analysis to strengthen its offering

COMPETITION IMPACT - Net sales decline attributed to increased competition from free solutions like open-source projects

DIAGNOSTICS FOCUS - Co is expanding market presence in diagnostics segment, including partnerships with Nordic hospitals

Company press release: ID:nMFN3NXFMf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
SEK 2.19 mln
Q3 EPS
-SEK 0.08
Q3 Net Income
-SEK 3.31 mln
Q3 Adjusted Free Cash Flow
-SEK 2.56 mln


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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.)