poLight ASA - topline growth paired with high market activity
KEY EVENTS in the first quarter:
* 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 purchase order for TLens® received, worth approximately NOK 1 million, supporting Top Tier Consumer OEM Qualification Program. (11 February 2026) * Purchase order for TWedge® wobulator technical samples, worth approximately NOK 1.1 million, received from a leading augmented reality (AR) platform Company. (7 March 2026) * Two new barcode/machine vison products using TLens® launched to market during the quarter. * Successful participation at CES and SPIE Photonics West Exhibition. (January 2026)
Post Q1:
* Follow-on purchase order for TLens®, with a total value of approximately NOK 2.4 million, received from a consumer OEM for augmented/mixed reality (AR|MR) use. (7 April 2026)
Tønsberg, 29 April 2026 - poLight ASA (OSE:PLT) today announced its results for Q1 2026.
| "poLight has delivered another solid quarter, with positive development on | the topline compared with both the previous quarter and the same quarter | last year, and continuing high market activity driven by maturing customer | projects. The AR|MR market continues to gain momentum, both at the macro | level and specifically for poLight. It is also encouraging to see continued | progress in the industrial segment where we are receiving follow on orders | and seeing new products with TLens® being released. The launch of our new | MLens® concept during the quarter also sparked considerable interest in this | segment. | | To fully capture the opportunities in poLight's expanding landscape, it will | be essential to keep 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."
Revenues came in at NOK 11.4 million, compared with NOK 3.8 million in Q1 2025. EBITDA totalled NOK -21.7 million in Q1 2026, compared with NOK -25.2 million in Q1 2025. As at 31 March 2026, poLight had cash and cash equivalents totalling NOK 261.7 million, compared with NOK 135.8 million as at 31 March 2025.
Q1 report and presentation Please find the report and presentation for Q1 2026 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 Q1 2026 results presentation through a live webcast by clicking here: poLight Webcast Q1 2026 (https://qcnl.tv/p/iiamaMZPbINYpW-_6FkQTw)
The presentation and supporting material will be given in English.
A recorded version of the webcast will be made available on www.polight.com (https://www.polight.com/investors/reports-presentations/) shortly after the broadcast has been concluded.
This information has been submitted pursuant to the Securities Trading Act § 5-12 and MAR. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-04-29 07:00 CEST.
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/)