The medtech company Phase Holographic reports lower revenue in the second quarter of the non-calendar fiscal year compared with the same period a year earlier. The operating loss increased.Revenue fell to SEK 0.3 million (3.0).Ebitda was SEK -5.4 million (-2.8). Operating income was SEK -7.1 million (-3.2). Net income after tax was SEK -7.8 million (-3.7). Earnings per share amounted to SEK -0.12 (-0.14). Cash flow from operating activities amounted to SEK -7.3 million (5.4). Cash and cash equivalents amounted to SEK 2.2 million (7.9).The company states that sales in the second quarter were lower than expected, despite progress in several strategic areas. "A contributing factor has been the longer-than-planned transfer of sales from Altium back to PHI, which required additional time and resources to ensure a smooth and efficient process. We also recognize that some customers may postpone purchases while waiting for our next-generation HoloMonitor, which was announced earlier this year. This dynamic underscores the importance of delivering the new platform on time and executing a strong launch strategy to capture this pent-up demand," says CEO Patrik Eschricht.The next-generation HoloMonitor was launched on December 17.Phase Holographic, SEK mQ2-2025/2026Q2-2024/2025ChangeNet sales0.33.0-90.0%Ebitda-5.4-2.8Operating profit/loss-7.1-3.2Net income-7.8-3.7Earnings per share, SEK-0.12-0.14Cash flow from operating activities-7.35.4Cash and cash equivalents2.27.9-72.2%