The solar energy company Absolicon reports lower revenue and a continued loss for the first quarter of 2026, compared with the corresponding period last year.Net sales amounted to SEK 87,000, compared with SEK 109,000 the year before.Ebitda was SEK -2.6 million (-2.8).Operating profit improved to SEK -3.4 million (-3.7), while net profit improved to SEK -3.5 million (-3.7). Earnings per share amounted to -0.43 (-0.46).During the quarter, the company decided on a rights issue of approximately SEK 13 million with an oversubscription option of approximately SEK 5 million. After the end of the period, it was announced that the issue was subscribed to 286 percent and brought the company approximately SEK 16.7 million after issue costs."The capital will mainly be used for sales initiatives. Preparations are now underway for our Spanish sales company and a larger marketing campaign in Spain," CEO Joakim Byström comments.Byström also states that the company is focusing on business opportunities linked to the EU's upcoming heat auctions."The goal is to work with customers to develop competitive projects for future heat auctions in the EU," the report says.Absolicon, SEK millionQ1 2026Q1 2025Revenue0.10.1Ebitda-2.6-2.8Operating profit-3.4-3.7Net profit-3.5-3.7Earnings per share-0.43-0.46