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]

Core Points - Serstech has received a 1.7 MSEK order from its French partner Proengin, which includes both hardware and software, to be delivered and invoiced before the end of Q4 2025 [1] Group 1: Company Overview - Serstech specializes in solutions for chemical identification, serving customers primarily in the safety and security industry, including customs, police authorities, security organizations, and first responders [3] - The company is headquartered in Sweden, and all production is conducted in Sweden [3] - Serstech is listed on the Nasdaq First North Growth Market, providing further information on its operations and offerings through its website [4]

Core Insights - The company experienced a significant improvement in customer activity starting in August, leading to a notable increase in net sales to 7.8 MSEK in Q3 from 4.6 MSEK in Q2 [3] - The uncertainty surrounding potential tariffs had a detrimental effect on the industry, causing delays in procurement cycles and tender awards during the first half of the year [4] - A positive trend in order intake has been observed since August, indicating stronger performance in the second half of 2025 compared to the first half [5] Financial Performance - For Q3, net sales amounted to 7,765 KSEK, an increase from 3,392 KSEK in the previous year [8] - EBITDA for Q3 was -4,283 KSEK, an improvement from -6,657 KSEK in the same quarter last year [8] - Cash flow from operating activities in Q3 was -7,783 KSEK, compared to -3,623 KSEK in the previous year [8] Operational Developments - The company has completed its recruitment for the year, doubling its sales organization from four to eight members, which is expected to enhance lead generation and partner onboarding [6] - In-house production commenced in Lund, successfully manufacturing the first five instruments, contributing to improved product quality and cost efficiency [7] - The establishment of local assembly capabilities in key markets is anticipated to provide strategic advantages in the future [7] Market Outlook - With a fully staffed organization and operational capabilities in place, the company is positioned for renewed and sustainable growth, entering the final quarter of the year with strong momentum [8] - The normalization of the market since August is expected to lead to increased tender issuance and improved order intake [5]

Group 1 - Serstech has received an order worth 1.7 MSEK from its Vietnamese partner Allianz Technics, with the end customer being the Vietnamese Coast Guard [1] - The order includes Serstech Arx mkII instruments, accessories, and software, which will be delivered and invoiced during the third quarter of 2025 [1] - Serstech specializes in solutions for chemical identification, serving customers primarily in the safety and security industry, including customs, police authorities, and security organizations [3] Group 2 - The company is headquartered in Sweden, where design, development, and production take place [3] - Serstech is traded on the Nasdaq First North Growth Market, providing further information on its operations and offerings [4]

Company Leadership Change - Serstech's Chief Financial Officer, Simon Persson, will be on parental leave from June 1 to October 31, 2025, during which Michael Sandin will serve as interim CFO [1] - Michael Sandin has over 30 years of experience in finance, including roles as an accountant and CEO of Outbrave Finance, and holds a degree in finance from Lund University in Sweden [1][2] Company Overview - Serstech provides solutions for chemical identification, primarily serving customers in the safety and security industry, including customs, police authorities, security organizations, and first responders [3] - The company's technology is applicable beyond security, potentially addressing any industry that utilizes chemicals [3] - Serstech's head office and production facilities are located in Sweden [3] Market Information - Serstech is traded on the Nasdaq First North Growth Market, with additional company information available on their website [4]