Delayed recognition of revenue of previously communicated Saudi order
Globenewswire·2026-02-12 14:10
Group 1 - The order from Serstech's Saudi partner, Anfas, will now be recognized as revenue in 2026 instead of Q4 2025 due to the customer's failure to adhere to the approved prepayment plan [1] - The order value remains unchanged at 2.3 MSEK [1] Group 2 - Serstech provides solutions for chemical identification, primarily serving customers in the safety and security industry, including customs, police authorities, security organizations, and first responders [4] - The company's head office and production are located in Sweden [4] - Serstech is traded on the Nasdaq First North Growth Market [5]