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approximately NOK 0.9 million (2 October).
- Repeat Design-win for High End Mixed Reality Head-Mounted Device announced 9
October.
- Purchase order received worth approximately NOK 5.0 million to support a
top-tier U.S. consumer electronics OEM in designing a TLens®-based camera
for AR applications. (See press release dated 13 October)
- 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.
- Design-win for TLens® in Snke Medical AR Glasses announced 31 October.
- Follow-on Purchase Order worth approximately NOK 900,000 from Top Tier
Consumer OEM for TWedge® Wobulator Technical Samples Advancing AR|MR Design
announced 5 November.
- Follow-on Purchase Order worth NOK 880,000 for TWedge® Wobulator Technical
Samples for AR|MR use from a Leading Consumer OEM announced 10 November.
- Follow-on Purchase Orders worth in total approximately NOK 0.9 million for
TLens® for AR|MR Use from a Leading Consumer OEM announced 24 November.
- First design-win for an industrial endoscope application announced 16
December.
- Follow-On Order worth approximately NOK 1.9 million from Leading Machine
Vision Manufacturer in China announced 18 December.
Post Q4:
- Follow-on purchase order for TLens®, worth approximately NOK 0.9 million,
received from a barcode scanner manufacturer in China. (5 January 2026).
- Launch of MLens®, off-the-shelf lenses delivering tunable optics-focusing
capabilities for industrial machine vision applications. (20 January 2026).
- Follow-on TLens® Purchase Order for TLens® received, worth approximately NOK
1 million, Supporting Top Tier Consumer OEM Qualification Program. (11
February 2026)
- Successful participation at CES and SPIE Photonics West Exhibition (January
2026).
Tønsberg, 24 February 2026 - poLight ASA (OSE: PLT) today announced its
results for Q4 2025.
| “The feeling of entering a new era was was reinforced in the fourth quarter
| 2025, which brought record-high revenue and a lot of positive news. The
| AR/MR market continues to gain momentum, both at the macro level and
| specifically for poLight. In the fourth quarter 2025, it accounted for
| nearly 70 percent of our revenue. It is also encouraging to see continued
| progress in the industrial segment, where we are receiving follow on orders
| and seeing new products using TLens® being released. The launch of MLens®
| should further strengthen our position in this segment.
|
| We are often asked when poLight will become profitable. Our answer is always
| that profitability will flow when the groundwork has been put in place. To
| fully capture the opportunities in poLight’s expanding landscape, it will be
| essential to continue investing in customer interactions/support,
| innovation, strategic partnerships and organisational development. These
| efforts will increase operational costs but are necessary to build long-term
| shareholder value by strengthening poLight’s position as a leader in
| next generation optical solutions across multiple market segments, with a
| particular emphasis on AR/MR.,” explains Dr Øyvind Isaksen, CEO of poLight.
EBITDA totalled NOK -32.8 million in Q4 2025, compared with NOK -32.3 million
in Q4 2024.
As at 31 December 2025, poLight had cash and cash equivalents totalling NOK
284.0 million, compared with NOK 166.8 million as at 31 December 2024.
Q4 report and presentation
Please find the report and presentation for Q4 2025 enclosed. They are also
available for download on www.polight.com
(Reports & Presentations - poLight).
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 Q4 2025 results presentation through a
live webcast by clicking here:
poLight Webcast Q4 2025 (poLight Q4 Webcast 2025)
The presentation and supporting material will be given in English.
A recorded version of the webcast will be made available on www.polight.com
(Reports & Presentations - poLight) shortly after the
broadcast has been concluded.
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2026-02-24 07:00
CET.
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 AR/MR glasses, smartphones, 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/)
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