poLight ASA - builds on momentum from strategic investment
7 augusti, 2025
KEY EVENTS in the second quarter:
- poLight ASA entered into a Strategic Investment Agreement with Q Technology Group, backed by U.S. Top Tier Consumer Electronics OEM (see announcement from 15 April).
- A strategic private placement and subsequent repair offering raised NOK 222.9 million gross, NOK 209.5 million net.
- The above has clearly led to further increased market activity.
- Positive development within the barcode/machine vison market segment, where repeat purchase orders worth approximately NOK 0.9 million were received, three new design-ins (one from an existing customer and two from new customers) and started sampling prototype M12 solution based on TLens®.
- TWedge® purchase orders from various consumer OEMs, worth approximately NOK 1.1 million, were received during the quarter.
- The patent infringement claim was resolved commercially.
- poLight exhibited at OPIE (Yokohama, Japan, 23–25 April), SID Display Week (San Jose, CA, 13–15 May), AWE USA (in Long Beach, CA, 10–12 June), and Automate 2025 (in Detroit, MI, 12–15 May) at the Sunex booth. In addition, poLight arranged meetings and demos at the Embedded Vision Summit (in Santa Clara, CA, 21–22 May), Automatica (in Munich, Germany, 24–25 June), and ISS (in Yokohama, Japan, 11–13 June) exhibitions.
Post Q2:
- A new enterprise design-in confirmed, and OEM product is expected to be launched to market in the second half of 2025 (i.e. design-win).
- A repeat purchase order, worth approximately NOK 0.9 million has been received in connection with the barcode design-win announced on 18 September 2020.
- A new barcode customer, IData, announced on 4 August – launched 5 new product using scan-engine with TLens®.
- Received a pruchase order potentially worth approximately NOK 1,7000,000 to supply TLens® plus driver to the Top Tier consumer OEM referred to in the press release dated 15 April 2025. This delivery will support a qualification program for a potential consumer product, see press release dated 6 August.
Tønsberg, 7 August 2025 - poLight ASA (OSE: PLT) today announced its results for Q2 2025.
"From a financial perspective this year has so far developed as planned. Market activity intensified further after the announcement of the strategic investment agreement with Q Technology Group (Q Tech). In addition to securing the company new funding, this agreement will boost market perception of poLight as a strong and long-term player in our ecosystem.The market position poLight is in, its efforts to establish a presence in multiple market segments, and ongoing initiatives to improve and future-proof the offering and technology platform, as well as continue to develop the organisation, makes it evident that the company has many opportunities for growth and that these are becoming more visible quarter by quarter," explains Dr Øyvind Isaksen, CEO of poLight.
EBITDA totalled NOK -29.1 million in Q2 2025, compared with NOK -21.7 million in Q2 2024.
As at 30 June 2025, poLight had cash and cash equivalents totalling NOK 273.1 million, compared with NOK 166.8 million as at 31 December 2024.
Q2 report and presentation
Please find the report and presentation for Q2 2025 enclosed. They are also available for download on www.polight.com.
Presentation and webcast
CEO Dr Øyvind Isaksen and CFO Joakim Hines Bredahl will present the company's results today at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, in Oslo, Norway. You can also watch the Q2 2025 results presentation through a live webcast by clicking here:
The presentation and supporting material will be given in English.
A recorded version of the webcast will be made available on www.polight.com shortly after the broadcast has been concluded.
For further information, please contact:
Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31
About poLight ASA
poLight ASA (listed on the Oslo Stock Exchange: PLT) offers a patented, proprietary tunable optics technology, starting with its first product, TLens® which replicates "the human eye" experience in autofocus cameras used in devices such as smartphones, wearables, barcode scanners, machine vision systems and various medical equipment. poLight's TLens® enables better system performance and new user experiences due to benefits such as extremely fast focus, small footprint, no magnetic interference, low power consumption and constant field of view. poLight is based in Tønsberg, Norway, with employees in Finland, France, UK, US, China, Taiwan, Japan, and the Philippines. For more information, please visit https://www.polight.com
This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-08-07 07:00 CEST.
Attachments
poLight Q2 2025 Report
poLight Q2 2025 Presentation
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poLight ASA - builds on momentum from strategic investment
7 augusti, 2025
KEY EVENTS in the second quarter:
- poLight ASA entered into a Strategic Investment Agreement with Q Technology Group, backed by U.S. Top Tier Consumer Electronics OEM (see announcement from 15 April).
- A strategic private placement and subsequent repair offering raised NOK 222.9 million gross, NOK 209.5 million net.
- The above has clearly led to further increased market activity.
- Positive development within the barcode/machine vison market segment, where repeat purchase orders worth approximately NOK 0.9 million were received, three new design-ins (one from an existing customer and two from new customers) and started sampling prototype M12 solution based on TLens®.
- TWedge® purchase orders from various consumer OEMs, worth approximately NOK 1.1 million, were received during the quarter.
- The patent infringement claim was resolved commercially.
- poLight exhibited at OPIE (Yokohama, Japan, 23–25 April), SID Display Week (San Jose, CA, 13–15 May), AWE USA (in Long Beach, CA, 10–12 June), and Automate 2025 (in Detroit, MI, 12–15 May) at the Sunex booth. In addition, poLight arranged meetings and demos at the Embedded Vision Summit (in Santa Clara, CA, 21–22 May), Automatica (in Munich, Germany, 24–25 June), and ISS (in Yokohama, Japan, 11–13 June) exhibitions.
Post Q2:
- A new enterprise design-in confirmed, and OEM product is expected to be launched to market in the second half of 2025 (i.e. design-win).
- A repeat purchase order, worth approximately NOK 0.9 million has been received in connection with the barcode design-win announced on 18 September 2020.
- A new barcode customer, IData, announced on 4 August – launched 5 new product using scan-engine with TLens®.
- Received a pruchase order potentially worth approximately NOK 1,7000,000 to supply TLens® plus driver to the Top Tier consumer OEM referred to in the press release dated 15 April 2025. This delivery will support a qualification program for a potential consumer product, see press release dated 6 August.
Tønsberg, 7 August 2025 - poLight ASA (OSE: PLT) today announced its results for Q2 2025.
"From a financial perspective this year has so far developed as planned. Market activity intensified further after the announcement of the strategic investment agreement with Q Technology Group (Q Tech). In addition to securing the company new funding, this agreement will boost market perception of poLight as a strong and long-term player in our ecosystem.The market position poLight is in, its efforts to establish a presence in multiple market segments, and ongoing initiatives to improve and future-proof the offering and technology platform, as well as continue to develop the organisation, makes it evident that the company has many opportunities for growth and that these are becoming more visible quarter by quarter," explains Dr Øyvind Isaksen, CEO of poLight.
EBITDA totalled NOK -29.1 million in Q2 2025, compared with NOK -21.7 million in Q2 2024.
As at 30 June 2025, poLight had cash and cash equivalents totalling NOK 273.1 million, compared with NOK 166.8 million as at 31 December 2024.
Q2 report and presentation
Please find the report and presentation for Q2 2025 enclosed. They are also available for download on www.polight.com.
Presentation and webcast
CEO Dr Øyvind Isaksen and CFO Joakim Hines Bredahl will present the company's results today at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, in Oslo, Norway. You can also watch the Q2 2025 results presentation through a live webcast by clicking here:
The presentation and supporting material will be given in English.
A recorded version of the webcast will be made available on www.polight.com shortly after the broadcast has been concluded.
For further information, please contact:
Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31
About poLight ASA
poLight ASA (listed on the Oslo Stock Exchange: PLT) offers a patented, proprietary tunable optics technology, starting with its first product, TLens® which replicates "the human eye" experience in autofocus cameras used in devices such as smartphones, wearables, barcode scanners, machine vision systems and various medical equipment. poLight's TLens® enables better system performance and new user experiences due to benefits such as extremely fast focus, small footprint, no magnetic interference, low power consumption and constant field of view. poLight is based in Tønsberg, Norway, with employees in Finland, France, UK, US, China, Taiwan, Japan, and the Philippines. For more information, please visit https://www.polight.com
This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR Article 17. The information was submitted for publication at 2025-08-07 07:00 CEST.
Attachments
poLight Q2 2025 Report
poLight Q2 2025 Presentation
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