Insplorion AB (publ) (INSP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this episode of Investor Studios, where we have the opportunity to talk about InSplorion with InSplorion. The company released its Q2 report today, which contains a lot of exciting news, and we will soon be able to take part in a presentation of this. Then follows a Q&A, and for those of you who are listening live, you can write your questions in the chat. And with us from InSplorion we have, as usual, Johan Lask, CEO of InSplorion. And with that said, we welcome you and hand it over to you for your presentation. Please. Thank you, Adam. Johan Asket and I are here to talk about our quarterly report and answer questions you may have about it. We work with hydrogen sensors, as everyone knows, for an accelerated transition to a sustainable future. If you look at the quarter in a nutshell, we march on from a development company to a commercial product company. During the quarter, we could, among other things, that a large American private company has placed an order on our sensors. We launched our NPS P2 hydrogen gas detector down in Rotterdam. We could also update here during July that we expect a larger order from our strategic partner Consilium. Very exciting and very fun. It was an upgrade order from the slightly smaller order that we did earlier this year. And it is also only one customer among those who trigger this business, which we think is very good. It is not something that should be put on hold. We look forward to more customers there. During the quarter, we had a rather high burn rate, mainly linked to development work, ATEX, but also material purchases to build these sensors that are needed, among other things, for ATEX certification. But we will get these material purchases back later when we sell them, then they end up as KORGs instead. And not...