Earnings call transcript: Xer Tech H1 2026 loss narrows focus to defense growth
Xer Tech reported a narrowed loss in its first half of 2026, with revenue rising to 6 million Swedish kronor. The company's operating costs increased to 47 million kronor, resulting in a net loss of 37.8 million kronor. The loss was influenced by non-cash reverse-takeover and listing charges, including 14.3 million kronor. Shares fell 11.11% to $3.04 from $3.42.
The company is focusing on defense contracts and integrator partnerships, with a pipeline of 10 drones for testing and demonstrations. The X8 PRO, an upgraded version with increased payload capacity, was launched during the quarter. Xer Tech remains in the early stages of commercialization, with most revenue coming from project work, testing, and demonstrations rather than large-volume production.
Management highlighted strong demand in defense, where European customers seek locally sourced drone systems.
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