Slides
Page 1
Groundbreaking Intelligent Solutions In Wireless Coverage Maven Wireless Q3 Report October 16, 2026
Page 2
Executive Summary Gradually building a stronger Maven for growth 2 • Revenue 42 MSEK (31), gross margin at 53% (46%) supported by a one-off agreement with a frame customer (else gross margin at 43%). • Order intake 35 MSEK (21) comprising 49 orders across 22 customers (compared to 17 orders from 17 customers). This includes 2 new promising customers in the UK and Sweden. • Maven Wireless celebrated 10-years anniversary on Sep 9. • Fell victim to advanced, targeted Business Email Compromise fraud involving fake invoices. Estimated potential exposure €200K-€450K (worst case risk on balance sheet). Strengthened internal financial control, security measurements taken. • Continued strategic priorities driving profitable growth, maintaining high customer satisfaction, sustaining technology leadership, and securing healthy profit and cash flow.
Page 3
Maven Wireless –10 Year Journey Customers, investors, partners & employees gathered at Maven HQ, Sep 9th 3 From a single Swedish patent to securing critical infrastructure and powering global public safety and cellular networks around the world. • Patented Core Technology • Mission-Critical Reliability • Green Sustainability & Efficiency • Global Scale & Market Trust
Page 4
Our Key Milestones 4 Filed our very first patent application, anchoring our core digital technology. 2016 – The Foundation Expanded into Norway with extreme climate coverage for SNØ indoor ski arena. 2019 – Going International Secured framework agreement with Austria's ÖBB for major railway tunnel networks. 2020 – The Rail Breakthrough Listed on Nasdaq First North, oversubscribed by 169% to fund global scaling. 2021 – Market Trust (IPO) Deployed energy-saving 5G digital DAS at Solaire Resort in the Philippines (~9 MSEK). 2022 – Stepping into 5G Modernized hospital communications for Region Sörmland to NIS2/RCE standards. 2024 – Critical Infrastructure Surpassed 5,000 units deployed, saving ~74,000 tonnes of CO₂ and €50M in energy costs. Today – Volume & Green Impact A Decade of Groundbreaking Milestones
Page 5
Redeye Maven Wireless Report Extensive company review report released on Sep 29 5 Highlights from Redeye report • The product is not the question • Economics were proven in 2023 • Distribution broken • New management team rebuilding sales engine • H2 2026 order intake builds 2027 revenue base and is key variable for the turnaround story • The right strategy & the right people Maven Wireless Comments • Solid and professional report going deep into Maven • Framing the challenges and opportunities ahead well • Aligns well with Maven Wireless focus
Page 6
Financials – Q3
Page 7
Net sales (MSEK) and gross margin 7 • Net Sales 42 MSEK (31), 25 customer and 18 countries. • Gross margin 53% (46%), due to one-off order with a key frame customer. Orderbook and order intake (MSEK) • Order intake 35 MSEK (21). This includes 2 new promising customers in the UK and Sweden. • Order book at 90 MSEK (64). 198 173 139 84 81 58 83 118 109 77 64 71 113 95 90 35 35 24 31 47 39 65 76 55 43 21 34 86 31 35 Q1 - 23 Q2 Q3 Q4 Q1 - 24 Q2 Q3 Q4 Q1 - 25 Q2 Q3 Q4 Q1 - 26 Q2 Q3 Orderbook Order intake 41 65 53 78 54 53 36 46 49 73 31 30 34 45 42 36% 35% 40% 44% 47% 41% 41% 42% 44% 39% 46% 45% 41% 40% 53% 0 100 0% 10% 20% 30% 40% 50% 60% Q1 2023 Q2 Q3 Q4 Q1 2024 Q2 Q3 Q4 Q1 2025 Q2 Q3 Q4 Q1 2026 Q2 Q3
Page 8
Geographical revenue breakdown Q3’26 (%) 8 • Majority of business in Nordics and Europe • Small orders received from US and APAC. EBITDA (MSEK) & EBITDA margin • Positive EBITDA through increased net sales and high gross profit • Cost reductions recognized in numbers 39% 56% 1% 3% 1% Norden Europa APAC MEAT USA 9% 17% 24% 21% 19% 5% -8% 3% 5% 8% -9% -16% -19% 6% 6% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2023 2024 2025 2026
Page 9
Key financial takeaways 9 • Net sales amounted to 41,856 KSEK (31,391) • EBITDA amounted to 2,576 KSEK (-2,904) • Operating profit amounted to 476 KSEK (-4,976) • Order intake amounted to 34,900 KSEK (20,700) • Order book amounted to 90,500 KSEK (64,000) • Free Cashflow 2,181 KSEK (-18,198) • Earnings per share before and after dilution 0.00 kr (-0.08) • Equity per share 2.19 kr (2.21) Jul-Sep KSEK 2026 2025 Net sales 41,856 31,391 Sales growth % 33% -13% Gross profit 22,033 14,507 Gross profit margin % 53% 46% EBITDA 2,576 -2,904 EBITDA margin % 6% -9% Operating profit/loss 476 -4,976 Operating margin % 1% -16% Profit/loss before tax 10 -5,660 Free cashflow 2,181 -18,198 Earnings per share before dilution, kr 0.00 -0.08 Earnings per share after dilution, kr 0.00 -0.08 Equity per share, SEK 2.19 2.21 Share price at end of period, kr 4.62 7.70
Page 10
Operational Highlights – Q3
Page 11
Updates on North America & Nimbus North America 11 • Secured orders totaling 2.4MSEK YTD from 3 customers in public safety area. • Narrowed Go To Market strategy further to focus on public safety verticals and use cases where we are strong in Europe, also in the US. • Testing revised strategy with product market fit offering coming quarters to potential new system integrator partners specializing in these verticals. We continue to believe in the NA market but are narrowing market focus at lower cost. • Market for low power DAS is opening up for new verticals and use cases such as high- capacity 5G sites, fiber fed active systems and private 5G networks. • Working on securing first phase 1 order for larger deployment with new system integrator in Europe. • Commercial delivery plan targeting Q127 We are optimistic about market demand and Nimbus gives us a stronger position in cellular. Nimbus
Page 12
Additional Operational Highlights 12 • Digital DAS equipment delivered around the world to 25 customers in 18 countries incl US and Australia. • Sandra Eriksson has joined as our new COO taking over after current COO that is retiring by year end. • Completed phase 1 of Cyber Resiliance Act compliance. • Released major new software release to frame customers • Finalized our most advanced PCB board, supporting more frequencies, to be used in our new TORG2 train repeater. • Opex higher than Q2 due to extra cost related to people recruitment handovers, and extra external investments related to TORG2 development project.
Page 13
Closing
Page 14
14 Conclusions • Broader order intake from more customer and projects! We need higher order intake to secure positive cash generation, which is our top priority. • Continued investments in new growth areas, both in product and markets, which are being managed closely. • Our recently onboarded CFO and COO bring additional perspectives and experiences into the organization. • Transformation of Maven Wireless for growths continues. We enter Q4 with a lower cost base and higher order book than one year ago. • 2026 key priorities focus remains; profitable growth, maintaining high customer satisfaction, sustaining technology leadership and securing healthy profit & cash.
Page 15
Hope to hear from you. Social media @Mavenwireless Website mavenwireless.com Email info@mavenwireless.com Stay connected!