Core Insights - RIBER reported first-half 2025 earnings, confirming its roadmap rollout and annual outlook despite a challenging international environment [2][4] Financial Performance - Revenues for H1 2025 were €10.7 million, down from €13.7 million in H1 2024, with systems revenues at €7.8 million and services and accessories revenues at €3.0 million [3][5] - Gross margin for the period was €3.9 million, representing 36.2% of revenues, an increase from 34.8% in H1 2024 [6] - Operating income was €(0.7) million, compared to break-even in H1 2024, while net income was €(0.8) million, down from a profit of €0.2 million in H1 2024 [7] Order Book and Sales - The order book stood at €27.7 million as of June 30, 2025, down 23% year-over-year, with system orders at €22.5 million, a decrease of 25% [11] - The company secured nine system orders in the first nine months of 2025, including two for production, reflecting ongoing demand in datacom and quantum technologies [4][8] Strategic Developments - RIBER is advancing its silicon photonics roadmap, having signed its first two ROSIE sales, which are crucial for the industrialization of this technology [4][13] - The company anticipates new orders in Q4 2025, driven by investment programs in AI and quantum technologies [13][14] Cash Flow and Equity - Cash position at the end of June 2025 was €2.5 million, down from €8.6 million at the end of 2024, influenced by seasonal delivery patterns and shareholder distributions [9][10] - Shareholders' equity decreased to €21.3 million from €23.6 million at the end of 2024, primarily due to half-year earnings and distributions [10]

Core Insights - RIBER has signed a three-year partnership with the Novo Nordisk Foundation Quantum Computing Programme (NQCP) to advance the ROSIE platform, aimed at enhancing silicon fab production lines [1][2][6] - The partnership includes the sale of the first ROSIE unit to NQCP, scheduled for delivery in the second half of 2025, which will be integrated into a pilot line for photonic technologies [3][6] - ROSIE is designed for oxide growth on 300 mm wafers and is compliant with SEMI standards, targeting strategic markets such as ultra-fast optical communications, optical computing, and photonic quantum technologies [2][8] Company and Industry Developments - The ROSIE platform, developed since 2021, represents RIBER's commitment to innovation in the semiconductor industry, supported by the Île-de-France Region and Bpifrance under the France 2030 investment plan [4] - The collaboration with NQCP is seen as a strategic move to accelerate the development of innovative processes in integrated silicon photonics, addressing market demands for performance, miniaturization, and energy efficiency [6][7] - RIBER aims to position itself as a key player in the European ecosystem for applied photonics research, showcasing the potential of French technology in the global market [6][7]