ContextVision AB (publ) (0L8Z) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Context Vision and welcome to the presentation of our Q3 report. Today with Richard, our CFO, and myself, Gerald. Agenda, as usual, a brief business update. We'll then go or you will go into the financial developments and then we'll close with a brief summary and outlook. Now, third quarter, pretty relevant for us. It's going to be the last webcast for the calendar year. And I think it's a good indication on what we've seen throughout the first nine months and what we can see going on for the rest of the year. But let's stay focused on the third quarter results and the first nine months for 2025. In summary, we continue to see turbulent market conditions affecting our sales development. However, our strategic initiatives both in our image quality business as well as in data quality have continued as planned during the quarter. So we've made solid progress in data quality mainly by securing key approvals allowing us to initiate patient recruitments. And within image quality, we've continuously made strategic enhancements and developments for our product portfolio. And that is to align with long-term market trends and customer demands. Also important to mention that in September, we have initiated our share buyback program for the year as it was mandated by the annual general meeting back in May. And that really reflects our solid financial position and the confidence in the company's long-term value creation. So turning in particular more to the financials for the quarter. Revenue has come in with 23.7 million SEC and that's a decrease of around 21% compared to last year. Adjusted EBITDA, so that's excluding our data quality investments amounted to 4 million SEC in the quarter giving an adjusted margin of 16.7%. So operating cash flow in total was negative ...