Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Elliptic Laboratories AS ( (DE:EIP) ) has issued an update.
Elliptic Labs will spread recognition of the minimum commitment revenue from two major 2025–2027 laptop contracts over the three-year period instead of booking the full amount in 2025, aligning its accounting with IFRS and the timing of future laptop model launches. The change does not alter the commercial terms, shipment schedules, or cash flows, but it does reduce the contracts’ minimum combined value by USD 0.5 million to USD 4.7 million and leads to a substantial restatement of Q3 2025 results, cutting reported revenue from NOK 42.6 million to NOK 8.5 million and turning previously reported profitability into an EBITDA loss of NOK 21.5 million and a pre-tax loss of NOK 28.7 million.
The company will recognize NOK 16.1 million of the combined contract value in Q4 2025, with the remaining minimum revenue split evenly across 2026 and 2027, and additional revenue possible if laptop shipments exceed minimum commitments. These adjustments, prompted by auditor discussions during the 2025 annual results audit, shift Elliptic Labs’ earnings profile for 2025 and underscore greater transparency around multi-year contract accounting ahead of its planned Q4 and preliminary full-year 2025 report on 26 February 2026.
More about Elliptic Laboratories AS
Elliptic Laboratories AS is a global Edge AI company that delivers low-power, on-device sensing technology through its AI Virtual Smart Sensor Platform, enabling intelligent, always-on contextual awareness without extra hardware or constant cloud connectivity. Its software-defined sensing solutions, deployed in over 500 million devices across consumer and enterprise markets, enhance security, personalization, productivity, and user experience, with all core technology and IP developed and owned in Norway.
YTD Price Performance: -22.53%
Average Trading Volume: 458,018
Current Market Cap: NOK540.1M
Find detailed analytics on EIP stock on TipRanks’ Stock Analysis page.