Airthings produces radon and indoor air-quality measurement devices. The company reported revenue of $7.7 million in Q2, an 11% year‑over‑year decline, and said results were negatively affected by increased U.S. tariffs. Management has launched a strategic review and is exploring a possible sale of its Business segment while planning a capital raise. It has announced plans to cut the workforce by 35% in the second half of 2025 and will stop providing revenue guidance for the next quarter given macroeconomic volatility. Discussions with a consortium led by Firda are underway to arrange new financing. The company is pursuing a rights-structured equity transaction and has signaled that a proposal to seek delisting from Oslo Børs will be an integrated part of the intended transaction.

Total raised

$10M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2025