January - March
Outcome January - March
- Net sales amounted to 604 (951) kSEK
- Profit after financial items amounted to -4,238 (-4,158) kSEK
- Earnings per share before and after dilution: SEK -0.09 (-0.20) SEK
- Cash flow from operating and investing activities: -5,081 (-5,502) kSEK
Significant events January - March
- Insplorion selected as a Top Innovator of the Year on the hydrogen market.
- Insplorion signs exclusive distribution agreement with Consilium Safety Group for the marine market.
Significant events after the end of the period
- A large US Space company placed an order worth 180 kSEK of Insplorion NPS-P2 hydrogen detectors.
Watch CEO Johan Rask comment and answer questions about the report at
4.00 pm April 24, 2025. Teams-link (Swedish).
A word from the CEO
As we close the first quarter of 2025, we can look back on a period of exciting internal progress, albeit in a world marked by significant macro uncertainties. As you would expect, these uncertainties are causing turmoil in financial markets and, to some extent, are also affecting the environmental technology sector.
That said, we see that the global hydrogen market continues to develop rapidly. News is continuously emerging from all parts of the value chain, indicating that hydrogen has clear momentum and is gradually establishing itself as an integral part of the energy transition.
It is important to remember that the energy transition requires various solutions for different application areas and situations. Hydrogen plays a central role in this development, and for Insplorion we see a growing need for the type of innovative solutions our sensors offer, regardless of where in the value chain or in which application it concerns.
In February this year, Darcy Partners also selected us as one of the Top 10 Innovators in Hydrogen, which further proves that our unique sensor is generating interest.
During the first quarter of 2025, Insplorion has taken further steps in our transition from a development company to a commercial product company. As we complete the upcoming ATEX certification of our first hydrogen detector, NPS-P2, we are ready to take the next step as a company.
This certification confirms that our sensor meets the stringent safety requirements for use in potentially explosive environments. These requirements, together with our unique properties like speed, give us the chance to win attractive volume business.
The preparations for a market launch of the NPS-P2 sensor have been ongoing for some time, and a limited pre-launch has given a positive response. It is important to mention that even before the certification, we have started to deliver these sensors to various customers.
It is very positive that we have signed an exclusivity agreement with Consilium Safety Group during the quarter, which confirms that our completed pilot projects have the potential to generate more and larger deals.
Recently we could also present that a large US Space company has placed an order for NPS-P2 detectors worth 180 kSEK. We are very proud to add the large and fast-growing space industry to the list of sectors that value our detectors, not the least the ability to detect hydrogen in low oxygen environments.
Following the rights issue last fall, where Insplorion raised just over MSEK 20, the subscription period for holders of TO3 warrants from the issue will soon begin, which we hope will provide Insplorion with additional capital.
To further strengthen our position, we are also in discussions with strategic partners who could become commercial partners, but also become strong and long-term shareholders in the future. In addition to this, we have also applied and progressed to stage 2 of the "Accelerator", the European Innovation Council's funding program. Should the application be granted, there is MEUR 2.5 in the pot.
In summary, the positive start to 2025 provides the entire company with a firm basis for the full year to develop into a successful journey towards becoming a leading player in sensor technology for a safe and efficient hydrogen market.
Gothenburg, Sweden
April, 2025
Johan Rask, CEO
The report is also available on the company website at the IR-page.
Questions are answered by:
Johan Rask, CEO
+46 708 94 60 60, johan.rask@insplorion.com
About Insplorion
Insplorion's vision is to use sensor technology for an accelerated transition to a sustainable future. With its unique sensor platform NanoPlasmonic Sensing (NPS), Insplorion operates within two fields; hydrogen sensors and research instruments. The hydrogen sensors enable safe and efficient deployment of hydrogen infrastructure through its unique benefits in detection speed, selectivity and ability to function in environments where many sensor technologies cannot. Our instruments give scientists around the world real time data within battery research and surface processes in fields like catalysis, material- and life science. Redeye AB is Insplorion's Certified Adviser on Nasdaq First North Growth Market.
Insplorion AB¦ Arvid Wallgrens backe 20 ¦413 46 Göteborg¦ Sweden ¦ 46-(0)31 380 26 95 ¦ www.insplorion.com ¦ info@insplorion.com
