Core Insights - Anoto Group AB reported a decrease in net sales and gross margin for both the third quarter and the first nine months of 2025 compared to the same periods in 2024 [5][6] - The company has entered into a secured convertible loan agreement to support its financing needs and global expansion efforts [2][5] Financial Performance - For Q3 2025, net sales were MSEK 7, up from MSEK 5 in Q3 2024 - Gross margin for Q3 2025 decreased to 40% from 52% in Q3 2024 - Operating loss for Q3 2025 was MSEK -13, slightly improved from MSEK -15 in Q3 2024 - Earnings per share before and after dilution improved to SEK -0.03 from SEK -0.07 in Q3 2024 [5] - For the period of January to September 2025, net sales amounted to MSEK 17, down from MSEK 24 in the same period of 2024 - Gross margin for this period decreased to 54% from 57% - Operating loss increased to MSEK -47 from MSEK -45 in the previous year - Earnings per share before and after dilution remained at SEK -0.07, improved from SEK -0.12 [6] Financing Activities - In October 2025, Anoto Group AB secured a convertible loan of approximately USD 2.4 million with an 8% annual interest rate, maturing on 1 October 2027, convertible at SEK 0.06 per share [2] - The loan is secured by a SEK 20 million floating charge over Anoto AB and a share pledge over Anoto AB's shares in KAIT Knowledge AI Holdings Pte. Ltd. - Previous convertible loans totaling USD 1.4 million were set off against this new financing [2]