Norsk Titanium As (NORSF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Norse Cartenium's Q4 2025 operational update Q&A session. Thank you for joining us following yesterday's publication of the Q4 operational update. I will be moderating today's session, and with me on the call are Fabrizio Ponte, Chief Executive Officer, and Ashari, Chief Financial Officer. Fabrizio, we'll begin with the brief opening remarks, after which we will open the floor for questions. Fabrizio, please go ahead. Thank you, Joachim. Can you hear me okay? We can hear you. Very good. Thank you and welcome to the Q&A release, everybody. The release of this report was originally scheduled for the 4th of March. And I want to confirm that we will still host a full investor presentation in Oslo next week, and I will be there present. However, in the final stages of our recent strategic review, it became evident that we had to withdraw our previous revenue guidance of 70 million in 2026 and the corresponding path to cash flow break even in 2027. And in order to meet the market expectation in a timely manner, we had to accelerate the publication. That's why we did it. The main and key and underlining reason of the delay is basically delayed industrial ramp and commercialization of our technology with our key OEM customers. And we have to say that the company has underestimated the complexity and the amount of time required in order for a very large and complex OEM to integrate our technology into their manufacturing processes. Okay, so we have to acknowledge that the level of integration and qualification has taken much longer than expected to translate in a commercial manner. So I joined in last October, so I've been with the company for a few months. I spent considerable time with customers. So I have two key takeaways from that. ...