Desert Control H1 FY26 EBITDA loss widens to NOK 35.1 million; operating expenses rise 8% to NOK 37 million

Reuters2026/08/19 04:30

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Desert Control posted an EBITDA loss of NOK 35.1 million in H1 2026; operating expenses rose 8% to NOK 37 million.
Cash stood at NOK 18 million at June 30, 2026; remained debt-free, with rights offering proceeds expected to extend runway into Q3 2027.
Maintained 2026 revenue guidance of $2 million, with most revenue expected in Q3–Q4 as pilots convert to commercial contracts.
Completed 42 tier-one customer pilots year-to-date; took delivery of a new production unit in June and completed field trials in July.
CEO James Thomas cited intense H1 activity; highlighted romaine lettuce studies showing yield improvements exceeding 30% after LNC application.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Desert Control AS published the original content used to generate this news brief via Cision (Ref. ID: 20260819:BIT:9283:0) on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Desert Control H1 FY26 EBITDA loss widens to NOK 35.1 million; operating expenses rise 8% to NOK 37 million

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