ContextVision AB (publ) (0L8Z) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to ContextVision and welcome to the first quarter twenty twenty six report. Today with Richard Hallstrom, our CFO myself, We have good news to share, really good news to share. For the first quarter, we're happy to report an underlying revenue growth of approximately 7.4%. And it is mainly due to continued execution on our portfolio and customer projects and a stabilizing market. In the first quarter, we have also announced a collaboration with Beamworks, an AI company for quantitative ultrasound based in South Korea. We show continued progress in our clinical development program at the University of Washington and we have strengthened our management team with the appointment of Marco Vermolen as CTO for ContextVision. We've also successfully participated and had excellent customer engagement at the European Congress of Radiology in Vienna. Let's look into the details. Let's start with a market update. As I mentioned, driver behind the revenue growth that we have seen was mainly a market stabilization. And if we compare that to previous year, we should maybe take a look into the total of 2025, where we had estimated initially a market growth, but then also reflected in our actuals seen a decline and have also earlier on commented on the market decline. Now with 2025 being closed in the first quarter of twenty twenty six, we see the first official market reports coming in that underpin the comments that we have shared earlier, namely the Chinese market, which is a relevant market for our ultrasound business, has declined in 2025 by minus 8.5% compared to an initial growth expectation of around plus 3%. So those numbers confirmed our comments that we've given earlier. And likewise, we see a stabilization now in the Chinese market and currency effects that help ...