poLight ASA - reports high market activity in Q1 and promising outlook

30 Apr 2025 07:00 CEST

KEY EVENTS in the quarter

· Existing machine vision/barcode customer launched 5 new products and placed
a purchase order worth approximately NOK 1,000,000 (announced 24 March).
· TWedge® purchase orders from consumer OEMs, worth approximately NOK
1,300,000, were received during the quarter. The largest was announced 13
February.
· Transcend Vivoscope placed an NRE purchase order, worth EUR 32,000, in
connection with a revision of the Mini2p solution.
· AR/MR activities continued to develop positively.
· A project to develop lead-free TLens® was launched. Samples will be
available by end of 2025.
· Participated at CES 2025 in Las Vegas, 7-10 January, and SPIE AR|VR|MR 2025
in San Francisco, 28-29 January.

Post Q1:

· poLight ASA - Enters Into Strategic Investment Agreement with Q Technology
Group Backed by U.S. Top Tier Consumer Electronics OEM.

Tønsberg, 30 April 2025 - poLight ASA (OSE: PLT) today announced its results for
Q1 2025.

"Revenue in the first quarter of 2025 was up on both the previous quarter and
the same quarter last year. We maintained a high level of market activity,
engaging in multiple customer projects and participating at CES 2025 and SPIE
AR/MR. Both the AR/MR and Industrial market segments have shown positive
development. Strategically, the AR/MR market is one of the most important, as
this emerging market will have many use cases where our TLens® and TWedge®
technology platforms could solve various pain points for smart-glasses, MR
headsets and future advanced AR glasses. We have a lot of opportunities ahead of
us, and the recently announced Investment Agreement with Q Tech will be an
important enabler to secure future success in all market segments." explains Dr
Øyvind Isaksen, CEO of poLight.

EBITDA totalled NOK -25.2 million in Q1 2025, compared with NOK -18.8 million in
Q1 2024.

As at 31 March 2025, poLight had cash and cash equivalents totalling NOK 135.8
million, compared with NOK 95.3 million as at 31 March 2024.

Q1 report and presentation

Please find the report and presentation for Q1 2025 enclosed.

poLight Q1 2025
report.pdf (https://mb.cision.com/Public/14821/4142446/9f88dbf254ca5ebe.pdf)

poLight Q1 2025
presentation.pdf (https://mb.cision.com/Public/14821/4142446/b31b8ffca995ae8e.pd
f
)

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 Q1 2025 results presentation through a live
webcast by clicking here:

poLight Webcast Q1
2025 (https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20250430_3)

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.

Further information, please contact:

Dr Øyvind Isaksen, CEO, poLight ASA: +47 90 87 63 98

Joakim Hines Bredahl, CFO, poLight ASA: +47 97 52 17 31

About poLight ASA

poLight ASA (OSE: PLT) offers patented, state-of-the-art tunable optics
technology, leveraging its proprietary polymer and piezo MEMS technology.
Founded in 2005, its first product TLens® replicates "the human eye" experience
in autofocus cameras used in applications such as AR/MR devices, smartphones,
wearables, webcams and other consumer devices, industrial barcode scanners and
machine vision systems, and healthcare applications. With over 160 granted
patents, poLight's technology delivers extremely fast focus, small
footprint, ultra-low power consumption, no magnetic interference, and constant
field of view, enabling better imaging system performance and new user
experiences compared to alternative technologies.  poLight is based in Tønsberg,
Norway, with employees in Finland, France, UK, US, China, Taiwan, the
Philippines and Japan. For more information, please visit
https://www.polight.com.

More information:
Access the news on Oslo Bors NewsWeb site

644830_poLight_Q1_2025_report.pdf
644830_poLight_Q1_2025_presentation.pdf