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Maven Wireless Returns to Q3 Profit as Sales Rise to SEK 41.9M

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MAVENSEK 4.58 −1.29%

Maven Wireless Sweden AB (MAVEN) recorded an operating profit of SEK 0.5M in the third quarter, reversing an operating loss of SEK 5.0M from the prior year period. Net sales increased to SEK 41.9M compared to SEK 31.4M a year earlier. Earnings before interest, taxes, depreciation, and amortization reached SEK 2.6M, recovering from a loss of SEK 2.9M.

The shift back to profitability follows stronger demand and expanding customer commitments. Order intake during the quarter rose to SEK 34.9M from SEK 20.7M, bringing the total order book to SEK 90.5M, up from SEK 64.0M previously. Cash flow from operating activities also turned positive at SEK 6.0M, compared with negative SEK 12.0M in the prior year period.

Investors will monitor whether the company can maintain order growth and fulfill its SEK 90.5M backlog while preserving operating margins in coming quarters. Shares of Maven Wireless Sweden AB last traded down 1.29% at 4.58 SEK.

Key points

  • Maven Wireless Sweden AB generated Q3 net sales of SEK 41.9M, up from SEK 31.4M in the prior year period.
  • Q3 operating profit reached SEK 0.5M, improving from an operating loss of SEK 5.0M.
  • Order intake grew to SEK 34.9M, lifting the total order book to SEK 90.5M.
  • Operating cash flow improved to positive SEK 6.0M, compared to negative SEK 12.0M previously.

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Questions and answers

What were Maven Wireless Sweden's Q3 financial results?

Maven Wireless Sweden reported Q3 net sales of SEK 41.9M and an operating profit of SEK 0.5M. EBITDA reached SEK 2.6M, while operating cash flow came in at positive SEK 6.0M.

How much order backlog does Maven Wireless Sweden have?

Maven Wireless Sweden reported an order intake of SEK 34.9M for the third quarter, raising its total order book to SEK 90.5M compared to SEK 64.0M in the prior year period.