Income Statement poLight ASA

Stocks

PLT

NO0012535832

Household Electronics

Market Closed - Oslo Bors 10:45:00 2026-09-30 EDT			5-day change	1st Jan Change
15.40 ^NOK	+1.45%		+14.41%	+133.69%

09-21	PoLight ASA Receives Follow-On Purchase Order For TWedge Wobulation Technology Technical Samples For AR MR Use From A Leading Consumer OEM	CI
09-20	PoLight ASA(OB:PLT) added to S&P Global BMI Index	CI

0959.g9azOnzvAPAqZudAp8_PGr48LpSciueRr20606Ql0fM.4rDBdRWdcJhcK5QlwfaGcvh1S8Do2L3y7ixWg-ZVspvTk4JAFox1v3s1hA

Published financial data: POLIGHT ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Revenues	10.03M	13.36M	22.51M	9.62M	20.48M
Other Revenues, Total	-1K	-	-	-	-
Total Revenues	10.03M	13.36M	22.51M	9.62M	20.48M
Cost of Goods Sold, Total	3.85M	4.83M	10.35M	8.62M	11.52M
Gross Profit	6.18M	8.54M	12.16M	1.01M	8.97M
Selling General & Admin Expenses, Total	35.24M	34.78M	56.9M	67.33M	76.98M
R&D Expenses	24.97M	32.5M	34.09M	31.79M	48.51M
Depreciation & Amortization - (IS)	11.92M	10.31M	9.67M	10.46M	10.63M
Other Operating Expenses	-11.62M	-	-	-	-
Other Operating Expenses, Total	60.51M	77.58M	101M	110M	136M
Operating Income	-54.33M	-69.05M	-88.49M	-109M	-127M
Interest Expense, Total	-203K	-330K	-259K	-256K	-965K
Interest And Investment Income	1.24M	2.25M	4.52M	7.43M	10.51M
Net Interest Expenses	1.04M	1.92M	4.26M	7.18M	9.54M
Currency Exchange Gains (Loss)	-14K	-385K	-1.02M	-404K	-424K
Other Non Operating Income (Expenses)	-83K	-38K	-17K	185K	-25K
EBT, Excl. Unusual Items	-53.39M	-67.55M	-85.27M	-102M	-118M
Asset Writedown	-	-94K	-	-26K	-
EBT, Incl. Unusual Items	-53.39M	-67.64M	-85.27M	-102M	-118M
Income Tax Expense	93K	242K	220K	139K	207K
Earnings From Continuing Operations	-53.48M	-67.89M	-85.49M	-102M	-118M
Net Income to Company	-53.48M	-67.89M	-85.49M	-102M	-118M
Net Income - (IS)	-53.48M	-67.89M	-85.49M	-102M	-118M
Net Income to Common Incl Extra Items	-53.48M	-67.89M	-85.49M	-102M	-118M
Net Income to Common Excl. Extra Items	-53.48M	-67.89M	-85.49M	-102M	-118M
Per Share Items
Net EPS - Basic	-1.13	-1.31	-1.4	-0.97	-0.67
Basic EPS - Continuing Operations	-1.13	-1.31	-1.4	-0.97	-0.67
Basic Weighted Average Shares Outstanding	47.34M	51.94M	61.05M	105M	175M
Net EPS - Diluted	-1.13	-1.31	-1.4	-0.97	-0.67
Diluted EPS - Continuing Operations	-1.13	-1.31	-1.4	-0.97	-0.67
Diluted Weighted Average Shares Outstanding	47.34M	51.94M	61.05M	105M	175M
Normalized Basic EPS	-0.7	-0.81	-0.87	-0.61	-0.42
Normalized Diluted EPS	-0.7	-0.81	-0.87	-0.61	-0.42
Supplemental Items
EBITDA	-53.71M	-68.33M	-87.2M	-107M	-125M
EBITA	-54.33M	-69.05M	-88.49M	-109M	-127M
EBIT	-54.33M	-69.05M	-88.49M	-109M	-127M
EBITDAR	-53.08M	-67.11M	-86.54M	-105M	-124M
Total Revenues (As Reported)	10.03M	13.36M	22.51M	9.62M	20.48M
Effective Tax Rate - (Ratio)	-0.17	-0.36	-0.26	-0.14	-0.18
Total Current Taxes	93K	242K	220K	139K	207K
Normalized Net Income	-33.37M	-42.22M	-53.29M	-63.51M	-73.78M
Interest on Long-Term Debt	243K	330K	259K	252K	961K
Supplemental Operating Expense Items
Selling and Marketing Expenses	7.02M	12.35M	17.62M	15.44M	20.09M
General and Administrative Expenses	18.45M	12.02M	21.93M	26.9M	27.8M
Research And Development Expense From Footnotes	37.25M	37.8M	36.73M	34.54M	51.28M
Net Rental Expense, Total	631K	1.22M	660K	1.45M	615K
Imputed Operating Lease Interest Expense	346K	721K	380K	429K	441K
Imputed Operating Lease Depreciation	285K	501K	280K	1.02M	174K
Stock-Based Comp., R&D Exp. (Total)	1.95M	893K	2.05M	2.15M	5.08M
Stock-Based Comp., S&M Exp. (Total)	880K	1.88M	1.98M	2.12M	2.51M
Stock-Based Comp., G&A Exp. (Total)	6.88M	-3.38M	3.78M	-1.03M	6.86M
Stock-Based Comp., SG&A Exp. (Total)	1.53M	466K	2.19M	1.46M	3.89M
Stock-Based Comp., Other (Total)	-	-	-	5.31M	-
Total Stock-Based Compensation	11.24M	-133K	10M	10.01M	18.34M

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Assets
Cash And Equivalents	158M	84.25M	115M	167M	284M
Total Cash And Short Term Investments	158M	84.25M	115M	167M	284M
Accounts Receivable, Total	2.51M	3.03M	4.26M	217K	6.7M
Other Receivables	19.57M	5.36M	3.93M	3.58M	3.29M
Total Receivables	22.08M	8.39M	8.19M	3.79M	9.99M
Inventory	16.84M	45.58M	70.09M	62.43M	53.52M
Prepaid Expenses	1.46M	557K	626K	953K	3.48M
Other Current Assets, Total	-	-	-	-1K	-
Total Current Assets	198M	139M	194M	234M	351M
Gross Property Plant And Equipment	18.76M	27.18M	26.28M	35.96M	37.42M
Accumulated Depreciation	-11.63M	-12.56M	-14.13M	-16.16M	-18.64M
Net Property Plant And Equipment	7.13M	14.62M	12.15M	19.8M	18.77M
Other Intangibles, Total	0	0	0	0	0
Deferred Charges Long-Term	33.38M	24.86M	17.58M	10.31M	3.03M
Other Long-Term Assets, Total	-	-1K	1K	-	-
Total Assets	239M	178M	223M	264M	373M
Liabilities
Accounts Payable, Total	4.52M	10.61M	5.89M	6.57M	8.34M
Accrued Expenses, Total	8.9M	3.94M	5.84M	527K	3.64M
Current Portion of Long-Term Debt	-	-	-	57K	57K
Current Portion of Leases	942K	1.1M	1.18M	663K	783K
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	6.99M	8.92M	9.03M	14.35M	10.74M
Total Current Liabilities	21.35M	24.58M	21.94M	22.17M	23.56M
Long-Term Debt	-	-	-	369K	311K
Long-Term Leases	3.93M	2.97M	1.95M	9.62M	9.69M
Other Non Current Liabilities	-1K	-1K	-	-	-
Total Liabilities	25.28M	27.55M	23.89M	32.15M	33.56M
Common Stock, Total	2.08M	2.08M	2.65M	5.18M	8.51M
Additional Paid In Capital	814M	146M	195M	222M	326M
Retained Earnings	-603M	1.7M	1.11M	2.89M	3.47M
Comprehensive Income and Other	1.04M	1.13M	1.28M	1.44M	1.33M
Total Common Equity	213M	151M	200M	232M	339M
Total Equity	213M	151M	200M	232M	339M
Total Liabilities And Equity	239M	178M	223M	264M	373M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	51.93M	51.95M	66.21M	130M	213M
ECS Total Common Shares Outstanding	51.93M	51.95M	66.21M	130M	213M
Book Value / Share	4.11	2.9	3.01	1.79	1.59
Tangible Book Value	213M	151M	200M	232M	339M
Tangible Book Value Per Share	4.11	2.9	3.01	1.79	1.59
Total Debt	4.88M	4.07M	3.13M	10.7M	10.84M
Net Debt	-153M	-80.18M	-112M	-156M	-273M
Debt Equivalent Oper. Leases	5.05M	9.78M	5.28M	11.6M	4.92M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Work In Process, Total	25.3M	50.14M	78.84M	77.47M	78.27M
Inventories - Finished Goods, Total	4.73M	8.97M	6.2M	6.31M	5.31M
Buildings, Total	1.13M	1.23M	1.25M	1.21M	-
Machinery, Total	12.86M	22.08M	22.12M	24.52M	26.12M
Full Time Employees	21	24	22	28	27
Part Time Employees	1	2	-	-	-

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Net Income	-53.48M	-67.89M	-85.49M	-102M	-118M
Depreciation & Amortization - CF	1.65M	1.78M	2.4M	3.19M	3.35M
Depreciation & Amortization, Total	1.65M	1.78M	2.4M	3.19M	3.35M
Amortization of Deferred Charges, Total - (CF)	10.27M	8.52M	7.28M	7.28M	7.28M
(Gain) Loss From Sale Of Asset	-	-	-14K	-	-8K
Asset Writedown & Restructuring Costs	-	94K	-	26K	-
Stock-Based Compensation (CF)	4.38M	4.82M	8.1M	10.01M	15.22M
Other Operating Activities, Total	-2.6M	3.31M	2.71M	6.15M	-6.57M
Change In Accounts Receivable	-11.33M	11.92M	-2.37M	3.9M	-8.38M
Change In Inventories	-7.67M	-28.74M	-24.51M	7.66M	8.92M
Change In Accounts Payable	9.22M	2.57M	-2.72M	-5.64M	7.61M
Cash from Operations	-49.55M	-63.6M	-94.63M	-69.21M	-90.85M
Capital Expenditure	-2.14M	-9.2M	-387K	-2.4M	-1.68M
Sale of Property, Plant, and Equipment	-	-	392K	-	45K
Sale (Purchase) of Intangible assets	-	-	-	-	-
Other Investing Activities, Total	-	-	1K	-	-
Cash from Investing	-2.14M	-9.2M	6K	-2.4M	-1.64M
Long-Term Debt Issued, Total	-	-	-	474K	-
Total Debt Issued	-	-	-	474K	-
Long-Term Debt Repaid, Total	-1.36M	-964K	-1.09M	-1.18M	-772K
Total Debt Repaid	-1.36M	-964K	-1.09M	-1.18M	-772K
Issuance of Common Stock	141M	254K	149M	146M	224M
Other Financing Activities, Total	-7.53M	-	-22.7M	-22.42M	-13.38M
Cash from Financing	132M	-710K	125M	123M	210M
Foreign Exchange Rate Adjustments	-26K	-49K	169K	317K	9K
Miscellaneous Cash Flow Adjustments	-	-1K	-1K	1K	-
Net Change in Cash	80.6M	-73.56M	30.54M	51.96M	117M
Supplemental Items
Cash Interest Paid	-	330K	259K	256K	965K
Cash Income Tax Paid (Refund)	129K	242K	220K	139K	207K
Levered Free Cash Flow	-25.8M	-53.47M	-63.3M	-37.53M	-51.32M
Unlevered Free Cash Flow	-25.67M	-53.26M	-63.14M	-37.37M	-50.72M
Change In Net Working Capital	12.73M	11.08M	27.11M	-12.42M	-1.46M
Net Debt Issued / Repaid	-1.36M	-964K	-1.09M	-702K	-772K

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Profitability
Return on Assets	-17.85	-20.7	-27.54	-27.84	-24.96
Return on Total Capital	-19.51	-23.14	-30.95	-30.48	-26.82
Return On Equity %	-31.25	-37.29	-48.82	-47.19	-41.42
Return on Common Equity	-31.25	-37.29	-48.82	-47.19	-41.42
Margin Analysis
Gross Profit Margin %	61.61	63.88	54.03	10.46	43.78
SG&A Margin	351.32	260.26	252.75	699.63	375.81
EBITDA Margin %	-535.37	-511.37	-387.38	-1.11K	-609.52
EBITA Margin %	-541.6	-516.73	-393.1	-1.13K	-620.73
EBIT Margin %	-541.6	-516.73	-393.1	-1.13K	-620.73
Income From Continuing Operations Margin %	-533.1	-508.05	-379.77	-1.06K	-577.33
Net Income Margin %	-533.1	-508.05	-379.77	-1.06K	-577.33
Net Avail. For Common Margin %	-533.1	-508.05	-379.77	-1.06K	-577.33
Normalized Net Income Margin	-332.61	-315.96	-236.74	-659.94	-360.2
Levered Free Cash Flow Margin	-257.19	-400.13	-281.2	-389.94	-250.56
Unlevered Free Cash Flow Margin	-255.92	-398.59	-280.48	-388.28	-247.61
Asset Turnover
Asset Turnover	0.05	0.06	0.11	0.04	0.06
Fixed Assets Turnover	2.25	1.23	1.68	0.6	1.06
Receivables Turnover (Average Receivables)	7.11	4.83	6.18	4.3	5.93
Inventory Turnover (Average Inventory)	0.3	0.15	0.18	0.13	0.2
Short Term Liquidity
Current Ratio	9.28	5.65	8.83	10.55	14.89
Quick Ratio	8.43	3.77	5.61	7.69	12.47
Operating Cash Flow to Current Liabilities	-2.32	-2.59	-4.31	-3.12	-3.86
Days Sales Outstanding (Average Receivables)	51.35	75.56	59.09	85.21	61.6
Days Outstanding Inventory (Average Inventory)	1.23K	2.36K	2.04K	2.81K	1.84K
Average Days Payable Outstanding	94.41	82.26	86.4	2.38K	1.05K
Cash Conversion Cycle (Average Days)	1.19K	2.35K	2.01K	521.12	852.31
Long Term Solvency
Total Debt/Equity	2.28	2.7	1.57	4.62	3.2
Total Debt / Total Capital	2.23	2.63	1.55	4.41	3.1
LT Debt/Equity	1.84	1.97	0.98	4.31	2.95
Long-Term Debt / Total Capital	1.8	1.92	0.96	4.12	2.86
Total Liabilities / Total Assets	10.59	15.46	10.69	12.18	9
EBIT / Interest Expense	-267.65	-209.23	-341.66	-424.12	-131.76
EBITDA / Interest Expense	-259.5	-203.83	-332.41	-411.67	-128.29
(EBITDA - Capex) / Interest Expense	-270.05	-231.71	-333.91	-421.05	-130.03
Total Debt / EBITDA	-0.09	-0.06	-0.04	-0.1	-0.09
Net Debt / EBITDA	2.9	1.19	1.3	1.48	2.21
Total Debt / (EBITDA - Capex)	-0.09	-0.05	-0.04	-0.1	-0.09
Net Debt / (EBITDA - Capex)	2.79	1.05	1.29	1.45	2.18
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	232.3	33.18	68.47	-57.25	112.84
Gross Profit, 1 Yr. Growth %	166.31	38.08	42.48	-91.72	790.47
EBITDA, 1 Yr. Growth %	5.88	27.23	27.62	22.18	17.19
EBITA, 1 Yr. Growth %	5.77	27.08	28.16	22.7	17.11
EBIT, 1 Yr. Growth %	5.77	27.08	28.16	22.7	17.11
Earnings From Cont. Operations, 1 Yr. Growth %	4.55	26.93	25.93	19.06	16.19
Net Income, 1 Yr. Growth %	4.55	26.93	25.93	19.06	16.19
Normalized Net Income, 1 Yr. Growth %	4.78	26.53	26.23	19.18	16.17
Diluted EPS Before Extra, 1 Yr. Growth %	-3.15	15.93	6.9	-30.73	-30.47
Accounts Receivable, 1 Yr. Growth %	690.54	20.75	40.96	-94.91	2.99K
Inventory, 1 Yr. Growth %	83.68	170.71	53.78	-10.93	-14.28
Net Property, Plant and Equip., 1 Yr. Growth %	295.67	104.92	-16.86	62.91	-5.18
Total Assets, 1 Yr. Growth %	68.38	-25.33	25.35	18.17	41.19
Tangible Book Value, 1 Yr. Growth %	65.64	-29.39	32.42	16.21	46.29
Common Equity, 1 Yr. Growth %	65.64	-29.39	32.42	16.21	46.29
Cash From Operations, 1 Yr. Growth %	16.22	28.37	48.79	-26.86	31.26
Capital Expenditures, 1 Yr. Growth %	847.79	329.6	-95.79	520.67	-30.02
Levered Free Cash Flow, 1 Yr. Growth %	17.67	107.23	30.48	-40.71	36.76
Unlevered Free Cash Flow, 1 Yr. Growth %	17.32	107.45	30.71	-40.82	35.73
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	83.23	110.38	49.79	-15.13	-4.61
Gross Profit, 2 Yr. CAGR %	160.19	91.77	40.26	-65.65	-14.13
EBITDA, 2 Yr. CAGR %	-5.55	16.06	27.42	24.87	19.66
EBITA, 2 Yr. CAGR %	-5.54	15.94	27.62	25.4	19.87
EBIT, 2 Yr. CAGR %	-5.54	15.94	27.62	25.4	19.87
Earnings From Cont. Operations, 2 Yr. CAGR %	-17.12	15.2	26.43	22.45	17.62
Net Income, 2 Yr. CAGR %	-17.12	15.2	26.43	22.45	17.62
Normalized Net Income, 2 Yr. CAGR %	-5.24	15.14	26.38	22.65	17.66
Diluted EPS Before Extra, 2 Yr. CAGR %	-23.26	5.96	11.32	-13.95	-30.6
Accounts Receivable, 2 Yr. CAGR %	52.89	208.96	30.44	-73.22	25.32
Inventory, 2 Yr. CAGR %	47.6	122.99	104.04	17.04	-12.62
Net Property, Plant and Equip., 2 Yr. CAGR %	50.3	184.75	30.52	16.38	24.28
Total Assets, 2 Yr. CAGR %	28.3	12.13	-3.25	21.71	29.17
Tangible Book Value, 2 Yr. CAGR %	28.94	8.15	-3.3	24.05	30.38
Common Equity, 2 Yr. CAGR %	28.93	8.15	-3.3	24.05	30.38
Cash From Operations, 2 Yr. CAGR %	0.01	22.14	38.2	4.32	-2.02
Capital Expenditures, 2 Yr. CAGR %	159.13	538.1	-57.49	-48.91	108.41
Levered Free Cash Flow, 2 Yr. CAGR %	-9.07	56.16	56.64	-12.05	-9.96
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.21	56.01	56.82	-12.05	-10.37
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	113.01	64.75	95.36	-1.38	15.3
Gross Profit, 3 Yr. CAGR %	139.49	110.67	73.69	-45.39	1.66
EBITDA, 3 Yr. CAGR %	-10.99	4.31	19.8	25.65	22.26
EBITA, 3 Yr. CAGR %	-11.02	4.28	19.88	25.96	22.57
EBIT, 3 Yr. CAGR %	-11.02	4.28	19.88	25.96	22.57
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.5	-4.47	18.67	23.93	20.32
Net Income, 3 Yr. CAGR %	-11.5	-4.47	18.67	23.93	20.32
Normalized Net Income, 3 Yr. CAGR %	-11.46	4.34	18.73	23.93	20.45
Diluted EPS Before Extra, 3 Yr. CAGR %	-23.58	-11.94	6.28	-4.96	-19.85
Accounts Receivable, 3 Yr. CAGR %	137.11	41.33	137.82	-55.76	30.33
Inventory, 3 Yr. CAGR %	31.69	80.67	97.01	54.78	5.5
Net Property, Plant and Equip., 3 Yr. CAGR %	64.42	66.66	88.9	40.53	8.7
Total Assets, 3 Yr. CAGR %	2.83	7.12	16.38	3.42	27.88
Tangible Book Value, 3 Yr. CAGR %	1.95	5.49	15.7	2.81	31.06
Common Equity, 3 Yr. CAGR %	1.94	5.49	15.7	2.81	31.06
Cash From Operations, 3 Yr. CAGR %	-14.73	8.69	30.45	11.79	12.62
Capital Expenditures, 3 Yr. CAGR %	41.94	206.69	19.64	3.89	-43.26
Levered Free Cash Flow, 3 Yr. CAGR %	-25.53	19.66	42.39	13.3	1.9
Unlevered Free Cash Flow, 3 Yr. CAGR %	-25.47	19.58	42.36	13.33	1.64
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	115.47	85.22	85.03	26.36	46.66
Gross Profit, 5 Yr. CAGR %	95.58	4.69	93.36	1.98	31.04
EBITDA, 5 Yr. CAGR %	7.92	6.03	2.74	12.09	19.74
EBITA, 5 Yr. CAGR %	7.72	5.79	2.79	12.26	19.87
EBIT, 5 Yr. CAGR %	7.72	5.79	2.79	12.26	19.87
Earnings From Cont. Operations, 5 Yr. CAGR %	7.77	6.03	2.07	5.5	18.25
Net Income, 5 Yr. CAGR %	7.77	6.03	2.07	5.5	18.25
Normalized Net Income, 5 Yr. CAGR %	7.76	5.96	2.08	11.31	18.3
Diluted EPS Before Extra, 5 Yr. CAGR %	-12.48	-6.85	-11.17	-12.75	-10.38
Accounts Receivable, 5 Yr. CAGR %	-	55.39	86.69	-27.35	84.06
Inventory, 5 Yr. CAGR %	-	91.26	56.9	51.87	42.32
Net Property, Plant and Equip., 5 Yr. CAGR %	21.36	50.81	49.92	44.36	59.78
Total Assets, 5 Yr. CAGR %	1.69	0.82	0.35	12.74	21.33
Tangible Book Value, 5 Yr. CAGR %	1.82	0.11	-0.19	12.56	21.36
Common Equity, 5 Yr. CAGR %	1.82	0.09	-0.19	12.55	21.36
Cash From Operations, 5 Yr. CAGR %	9.97	6.26	3.44	6.92	16.34
Capital Expenditures, 5 Yr. CAGR %	2.06	108.42	-12.37	49.75	49.38
Levered Free Cash Flow, 5 Yr. CAGR %	-13.37	-1.34	0.26	3.76	18.54
Unlevered Free Cash Flow, 5 Yr. CAGR %	-13.42	-1.39	0.36	3.71	18.31