Greater Than Reports Sharp Financial Decline Amid Legal Challenges

Greater Than has released its Q2 2025 financial results, revealing a staggering decline that highlights the company's ongoing legal disputes. The company reported an operating loss of -10.1 million SEK, a stark reversal from a profit of 0.1 million SEK during the same quarter last year. Year-over-year, net revenue plummeted to 1.7 million SEK from 12.2 million SEK, with the net loss after tax widening to -11.2 million SEK compared to -0.6 million SEK in Q2 2024. This resulted in earnings per share falling to -0.85 SEK from -0.05 SEK.

The financial downturn is primarily attributed to two ongoing legal cases regarding breaches of contract and intellectual property rights, currently under consideration in the Stockholm District Court. The breach of contract case is scheduled to be heard in September 2026, while the timeline for the intellectual property dispute remains undetermined. Greater Than has indicated that both cases may eventually reach the Court of Appeal.

In response to its financial challenges, the board is assessing various financing and strategic options to cater to liquidity needs until revenue from existing contracts is realized. However, there is a positive note as the company signed a letter of intent to expand its partnership with a global mobility organization, potentially leading to a lucrative licensing deal that could generate an estimated gross revenue of 1.4 billion euros.