Bergen Carbon Solutions AS (BCS) Earnings Call Transcripts

Bergen Carbon Solutions AS's Latest Earnings Call - Q1 FY2026

In Q1 2026, Bergen Carbon Solutions (BCS) reported a stable financial position with a cash balance of NOK 133 million and a reduced cash burn rate of NOK 3 million. The company continues to progress in its carbon nanotube (CNT) production technology, which is crucial for battery applications, and has received NOK 10.3 million from Innovation Norway. Management maintained a positive outlook on the battery market's growth and emphasized their unique value proposition in sustainable carbon production, although they acknowledged the loss of a partner due to Morrow's bankruptcy, which could impact market validation efforts.

Reported metrics

Guidance from management

Management maintained a steady cash burn rate and expressed confidence in their strategy for execution, signaling continued focus on technological advancements and market validation efforts.

What management said

Okay. This Q&A session is moderated by Fredrik Oksnes, CCO in BCS. And with us today, we have Petter Slyngstadli, who will also be given the opportunity to ask some questions. But this prerecorded question #1. With regards to the Morrow bankruptcy newly announced, does the company have any direct financial exposure to Morrow that could result in losses?

I understand why the question is raised. First of all, I would say it's very unfortunate and sad that Morrow is now filing for bankruptcy. It's always good with cooperation with a competent company based on the local performance. It makes the speed -- increases the speed, it's convenient and it's very valuable. And to answer the question, we have no direct or indirect financial exposure to Morrow. As previously com...

What analysts pressed on

Analysts expressed concerns regarding the implications of losing Morrow as a partner for testing and validation, questioning the potential impact on BCS's market proof of concept. There were also inquiries about the timeline for lithium sulfur battery adoption and how it could affect future demand for BCS's products.

Main topics on the call

• Stable Financial Position — BCS reported a cash position of NOK 133 million and a reduced cash burn rate of NOK 3 million, indicating strong financial discipline. CEO Odd Stromsnes stated, "Our financial numbers confirm that we continue to have a r...
• Technological Advancements in CNT Production — The company has achieved a consistent and well-defined carbon powder quality, marking a significant improvement in production robustness. Stromsnes noted, "We have gone from a more random distribution of powder quality t...
• Loss of Partner Due to Morrow Bankruptcy — BCS confirmed that it has no direct financial exposure to Morrow, but acknowledged the loss of a testing partner. Stromsnes stated, "We have an increasingly strong relationship to IFE," indicating a shift in focus to oth...
• Focus on Battery Applications — Management reiterated their commitment to the battery sector, stating that their advanced carbon materials have the greatest value proposition in this market. Stromsnes emphasized, "We believe that the battery sector is ...

Read the full Bergen Carbon Solutions AS transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 17 Bergen Carbon Solutions AS earnings call transcripts on record, spanning November 9, 2022 to August 12, 2026. Based on this history, Bergen Carbon Solutions AS reports quarterly. The most recent call on file is dated August 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BCS

Exchange

OB

Country

NO

Sector

Materials

Industry

Chemicals

Calls on record

17

First call

November 9, 2022

Most recent

August 12, 2026

Reporting cadence

quarterly