Elliptic Laboratories ASA
F:EIP
Elliptic Laboratories ASA
Elliptic Laboratories ASA operates as an AI virtual smart sensor platform. The company is headquartered in Oslo, Oslo. The company went IPO on 2020-10-16. The enterprise targets the smartphone, laptop, IoT, and automotive markets. The Company’s Artificial Intelligence (AI) software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture and presence sensing experiences. Elliptic Laboratories ASA has offices in San Francisco, Oslo and Shanghai.
Elliptic Laboratories ASA operates as an AI virtual smart sensor platform. The company is headquartered in Oslo, Oslo. The company went IPO on 2020-10-16. The enterprise targets the smartphone, laptop, IoT, and automotive markets. The Company’s Artificial Intelligence (AI) software combines ultrasound and sensor-fusion algorithms to deliver intuitive 3D gesture and presence sensing experiences. Elliptic Laboratories ASA has offices in San Francisco, Oslo and Shanghai.
Revenue Drop: Full-year 2025 revenue was NOK 102.7 million, down from the prior year due to restated milestone revenue recognition and lower contract volumes.
Restatement Impact: Milestone revenues from key laptop contracts are now spread over 2025, 2026, and 2027 following the audit, reducing 2025 reported revenue.
Order Backlog: Elliptic Labs ended the year with an order backlog of NOK 32 million, with NOK 16 million expected to be recognized as revenue in H2 2026.
Positive Shipment Trends: Laptop sensor shipment volumes grew nearly 40% year-over-year; smartphone volumes were flat YoY but up 25% aggregated for 2025 versus 2024.
Cost Controls: Management implemented targeted cost measures and expect to reduce operating and development expenses by around 15% and 12% respectively in early 2026.
Strategic Direction: The company will broaden its product scope, expand into new verticals like smart glasses and smart TVs, and productize its AI platform for embedded devices.
Profitability Impact: Q4 EBITDA was NOK 1.4 million despite high one-off costs, but a noncash accounting adjustment led to a net loss after tax of minus NOK 95.1 million for Q4.
