KEY EVENTS in the fourth quarter:
- Repeat order received for TWedge® from a top-tier consumer OEM worth 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.
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:
The presentation and supporting material will be given in English.
A recorded version of the webcast will be made available on www.polight.com shortly after the broadcast has been concluded.