Elliptic Laboratories ASA (ELABS) Earnings Call Transcripts

Elliptic Laboratories ASA's Latest Earnings Call - Q1 FY2026

In Q1 2026, Elliptic Laboratories ASA reported total revenue of NOK 17 million, a significant decline of 37% year-over-year, primarily due to contract timing and lower incremental volume revenue. Despite this, the company highlighted a strong 41% year-over-year growth in laptop shipments, indicating robust operational momentum in that segment. Management maintained a focus on cost discipline, successfully implementing a 15% reduction in the operating cost base, and completed a NOK 60 million rights issue to strengthen its balance sheet. Looking ahead, management anticipates gradual revenue improvement in the second half of 2026, driven by increased shipment volumes and potential contributions from new strategic initiatives in Edge AI and adjacent verticals starting in 2027.

Reported metrics

Guidance from management

Management expects gradual revenue improvement in the second half of 2026, with higher incremental volume revenue anticipated. They reiterated their target of a 15% reduction in the annualized operating cost base, with full effects expected from the second half of 2026.

What management said

We received some questions regarding the cash position and the cash situation going forward. So I can comment on that as well. So what we've done, as I already mentioned, we've done the cost cut program, and that's reducing the cash burn significantly going forward. And we're also seeing good underlying volumes, as I already stated, and we anticipate that those will grow, especially in the laptop segment going forw...

I would say we haven't signed any contracts yet. So it's too early to basically comment on how it will impact the revenue structure in the future. But what we have said is that for '26, we don't anticipate that the new contracts from new customers and new adjacent verticals will impact the top line.

What analysts pressed on

Analysts expressed concerns regarding the significant year-over-year revenue decline and the impact of contract structures on revenue recognition. There were also questions about the sustainability of shipment growth in the smartphone segment given current market constraints.

Main topics on the call

• Revenue Decline — Elliptic Laboratories reported a revenue of NOK 17 million, down 37% year-over-year. CEO Ola Sandstad noted that this decline was primarily due to 'the timing of renewal of a larger smartphone agreement being pushed out ...
• Strong Laptop Shipment Growth — The company experienced a 41% year-over-year increase in laptop shipments, reflecting 'continued adoption of our technology and a broader product rollout by our customers'. This growth is a positive indicator for future ...
• Cost Reduction Measures — Management implemented targeted cost measures, resulting in an approximately 15% reduction in the operating cost base. This was highlighted as a key step in achieving a leaner organization and improving operational effic...
• Rights Issue Completion — The successful completion of a NOK 60 million rights issue has strengthened the company's liquidity position and financial flexibility. This capital will support ongoing operations and strategic initiatives.

Read the full Elliptic Laboratories ASA 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 21 Elliptic Laboratories ASA earnings call transcripts on record, spanning March 10, 2021 to August 27, 2026. Based on this history, Elliptic Laboratories ASA reports quarterly. The most recent call on file is dated August 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ELABS

Exchange

OB

Country

NO

Sector

Information Technology

Industry

Software

Calls on record

21

First call

March 10, 2021

Most recent

August 27, 2026

Reporting cadence

quarterly