Earnings call transcript: Techstep Q3 2026 loss narrows as cost cuts lift EBITA
Techstep reported a narrower third-quarter loss in its Q3 2026 earnings call. Revenue fell 7% year-over-year to NOK 169 million, while adjusted EBITA turned positive at NOK 2.1 million, up from a loss of NOK 12.9 million in the previous quarter. Net loss widened to NOK 151.4 million due to a NOK 137 million goodwill impairment. Adjusted EBITA improved but software revenue dropped 31% and advisory services revenue fell 24%.
Devices revenue grew 1% year-over-year. The company remains unprofitable, with cash generation still needing improvement. Techstep aims to reduce costs and headcount while focusing on software and services. The stock rose 15.92% to $1.82 following the results.
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