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

Qualisys Holding AB (publ)

Tue 17:29

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: ID:nMFN9HsTZ4

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.)