KEY EVENTS in the third quarter:
* Repeat purchase order, worth approximately NOK 0.9 million, received in
connection with the barcode design-win announced on 18 September 2020.
* Additional purchase order, worth approximately NOK 0.9 million, received to
supply TWedge® wobulator technical samples for an AR/MR application to a
top-tier consumer OEM. (See press release 12 August). Separate order for
TWedge® samples worth NOK 0.4 million secured from another OEM.
* Purchase order received with a potential value of approximately NOK 1.7
million to supply TLens® plus driver to the top-tier consumer OEM referred
to in the press release dated 15 April 2025. This delivery will support a
qualification programme for a potential consumer product. (See press release
6 August)
* New barcode customer, IData, announced on 4 August, launched five new
products using scan engine with TLens®.
* New order received from existing barcode customer for TLens® worth NOK 0.7
million.
* TLens® order worth NOK 0.7 million received from existing Mini2P customer.
Post Q3:
* Repeat order received for TWedge® from a top-tier consumer OEM worth
approximately NOK 0.9 million (2 October).
* Purchase order received worth approximately NOK 5 million to support a
top-tier U.S. consumer electronics OEM in designing a TLens®-based camera
for AR applications. (See press release dated October 13)
* Repeat order worth approximately NOK 0.4 million received from an enterprise
AR/MR customer for TLens® relating to a new product release.
* Received a follow-on purchase order worth NOK 2.6 million for stacked
TLens®, used in Miniature Two-Photon (Mini2P) imaging system, see press
release 17 October.
* Enterprise customer planning to use TLens® in an IRIS scanner product
(design-in) placed a purchase order worth approximately NOK 0.6 million 20
October.
* Follow-on purchase order received for TWedge® wobulator technical samples
for AR/MR use from a top-tier consumer OEM customer worth approximately NOK
1.0 million announced 24 October
Tønsberg, 30 October 2025 - poLight ASA (OSE: PLT) today announced its results
for Q3 2025.
| "Without underestimating the challenges ahead, it feels as though we are
| entering a new era, with important milestones drawing closer. The AR/MR
| market remains our most important focus strategically but other sectors,
| such as industrial applications and the broader consumer market, continue to
| play a vital role in our positioning efforts. The mature autofocus product,
| TLens®, and the prototype concept TWedge® are undergoing extensive customer
| evaluations, and several projects are progressing from technology assessment
| to planned integration into future next generation products.
|
| The company's outlook is positive, particularly given the promising
| developments in the AR/MR market segment. While widespread adoption is still
| a few years away, poLight is making steady progress each quarter. poLight
| will continue to invest in customer relationships, technology innovation,
| strategic partnerships, and organisational development. These efforts are
| aimed at enhancing shareholder value and securing poLight's position as a
| leader in next-generation solutions for multiple market segments, with a
| specific focus on the AR/MR market," explains Dr Øyvind Isaksen, CEO of
| poLight.
EBITDA totalled NOK -29.1 million in Q3 2025, compared with NOK -25.2 million
in Q3 2024.
As at 30 September 2025, poLight had cash and cash equivalents totalling NOK
298.2 million, compared with NOK 166.8 million as at 31 December 2024.
Q3 report and presentation
Please find the report and presentation for Q3 2025 enclosed. They are also
available for download on www.polight.com
(https://www.polight.com/investors/reports-presentations/).
Presentation and webcast
CEO Dr Øyvind Isaksen and CFO Joakim Hines Bredahl will present the company's
results today at 09:00 CET at Hotel Continental, Stortingsgaten 24/26, in
Oslo, Norway. You can also watch the Q3 2025 results presentation through a
live webcast by clicking here:
poLight Webcast Q3 2025
(https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20251030_6)
The presentation and supporting material will be given in English.
A recorded version of the webcast will be made available on www.polight.com
(http://www.polight.com/) shortly after the broadcast has been concluded.
For further information, please contact:
Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98
Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31
About poLight ASA
poLight ASA (listed on the Oslo Stock Exchange: PLT) offers a patented,
proprietary tunable optics technology, starting with its first product, TLens®
which replicates "the human eye" experience in autofocus cameras used in
devices such as smartphones, wearables, barcode scanners, machine vision
systems and various medical equipment. poLight's TLens® enables better system
performance and new user experiences due to benefits such as extremely fast
focus, small footprint, no magnetic interference, low power consumption and
constant field of view. poLight is based in Tønsberg, Norway, with employees
in Finland, France, UK, US, China, Taiwan, Japan, and the Philippines. For
more information, please visit https://www.polight.com
(https://www.polight.com/)
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-10-30 07:00 CET.