Canatu

More important than the one-time payment is the fact that the granted license practically kicks off the customer's transition to mass production.

ASML reported its Q3 results on Wednesday, which exceeded analyst expectations in terms of orders. The outlook comments anticipating growth for 2026 are also a positive signal.

The company's H1 figures were weak as expected, but the subdued outlook for the rest of the year was disappointing, and new reactor orders appear to be slipping into next year.

Canatu’s long-term potential still exists and is gradually building, but things seem to be taking longer than previously expected.

We expect the company's revenue to have decreased from the comparison period, when the company's first carbon nanotube reactors were being delivered.