💻 SAF Tehnika reports 4.1% revenue decline, smaller losses
Latvian wireless data transmission equipment maker SAF Tehnika reported consolidated revenue of €25.99 million for the financial year ending June 30, 2025 — down 4.1% year-on-year. The group’s net loss narrowed to €678,000, 3.6 times smaller than the previous year, according to its audited report to Nasdaq Riga.
Exports accounted for 97% of turnover, with products sold in 87 countries. The company continues developing new wireless solutions and IoT products while investing €812,000 in R&D equipment, software, and certification.
Management noted that losses are temporary and that cash flow remains positive. A new subsidiary was opened in Canada to mitigate customs and supply chain risks amid ongoing US-China trade tensions.
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