Q4 2025 Senzime AB (publ) Earnings Call Transcript
Key Points
- Senzime AB (SNZZF) achieved approximately 90% growth in constant currencies, meeting their guidance of exceeding SEK110 million.
- The company's underlying gross margin improved, reaching 66.7% for the year, with a Q4 uptick to 69.3%.
- Senzime AB (SNZZF) reported strong growth in sensor usage, shipping over 440,000 sensors in 2025, more than doubling from the previous year.
- The company secured significant strategic wins in the US, including contracts with the Department of Defense and the Walter Reed Presidential Hospital.
- Senzime AB (SNZZF) launched the EMGINE software platform, enhancing their TetraGraph system with continuous updates and innovations.
- US tariffs negatively impacted the gross margin by approximately 1.3%, and a weakened US dollar further reduced it by 2.6%.
- A one-time non-cash write-off of SEK10.7 million for older TetraGraph system components affected Q4 results.
- Despite growth, the company still faces challenges in achieving profitability, with a focus on reaching positive cash flow by the end of 2026.
- The transition from hardware to a sensor-focused business model presents operational challenges.
- Currency rate uncertainties pose difficulties in predicting future financial outcomes.
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Good morning. Pleasure to be here. I'm here to present Senzime Q4 2025 results as well as a brief summary of the year of 2025. So if we start by looking at overall 2025, it was a year of continued accelerated growth, and we took clear continued steps towards profitability.
We grew about 90% in constant currencies. So we met the guidance of reaching above SEK110 million in constant currencies. Our underlying gross margin increased. Our OpEx remained stable and our adjusted EBITDA improved by about 60%. So the fundamentals are there.
We're really reconfirming our goal to reach positive cash flow during 2026, and this is going to be fuelled by continued growth and stringent cost control.
So this was a summary. I'll dig down deeper into the numbers. If we look at Q4 alone, it was a strong ending to the year. We more than doubled the business. We reached SEK28.3 million in reported revenues and SEK31.2 million if you're looking at the constant currencies.
The growth was driven by
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