Desert Control

Desert Control confirmed its revenue forecast of NOK 2 million for 2026 and completed a rights issue intended to extend its financial runway into Q3 2027. The company is shifting R&D to California and Arizona, expanding its US sales team, and reports accelerated field trials with positive results on lettuce, golf courses and perennial crops. Management cites a realizable pipeline of NOK 56 million and stresses that meeting the annual target depends heavily on business volume in H2 2026. The stock trades near its 52-week low, and investors are awaiting proof that pilot projects can be converted into recurring revenue. » Más en de.investing.com

Desert Control reported Q3 2025 revenue of NOK 60,000 versus an expected NOK 5 million, while EPS of -0.1487 matched estimates. The company continues to focus on its LNC technology, is shifting R&D to the US and plans new production capacity. A rights issue of NOK 75 million is intended to support operations until the second half of 2026; cash and financial assets amount to NOK 8 million. Despite the revenue disappointment, the stock rose 3.57% in pre-market trading. Desert Control expects revenue in Q4 2025, mainly from the Middle East and the US, but sees risks in market acceptance and production. » Más en de.investing.com