Invisio AB (publ) (IVSO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Invisio's presentation of the Interim Reports January to June, 2026. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answer session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the CEO, Lars Huygaard Hansen. Please go ahead. Thank you. Good morning, everyone, and welcome to our Q2 and a half year update. We will run through a number of important topics today. We have chosen a headline for the report, which is strong revenues and significant strategic progress. We saw a good year-on-year revenue growth in the first quarter of about 20%. Our orders intake was a little lower than expected and it was mainly because of timing and also some impact from a temporary US procurement delays. We don't think that any of these orders have been lost, but they have merely been postponed until later in the year. We have also delivered the final part of the radio order that we received back in 2024. And as previously communicated, that had a little lower gross margin, which also impacted us in this quarter. We have during the quarter been approved by the UK MOD for a broader framework contract that for us is important as we consider the UK to be one of our home markets. Last but not least, we have our new products in the market creating a lot of attention. And at the recent EuroSatuary trade show in France, we also launched a new feature called NVSU DroneAware that created a lot of interest and attention. Turning to our sales numbers, as I said, our revenues grew by 20% compared to the same quarter last year. And in comparable currencies, it was 23%. A lot of it was related to Europe. And of course, based on the order book tha...