Brief: Atomos Ltd Says Ebitda Margin Is Now Expected To Be 6%-8% For FY22

Atomos

06/05/2022 24:34

May 6 (Reuters) - Atomos Ltd  AMS.AX :
    * TRADING UPDATE-AMS.AX
    * EBITDA MARGIN IS NOW EXPECTED TO BE 6% - 8% FOR FY22
    * SLOWER THAN EXPECTED SALES OCCURRED IN FIRST FOUR MONTHS
OF 2022
CALENDAR YEAR
    * EXPECTS DOUBLE DIGIT EBITDA MARGINS IN FY23
    * FY22 REVENUE IS EXPECTED TO BE A$80M - A$90M
    * COVID LOCKDOWNS IN SHANGHAI MAY IMPACT SHORT-TERM
PRODUCTION
SCHEDULE FOR A NEW CONNECT PRODUCT
    * EXPECTS DOUBLE DIGIT EBITDA MARGINS IN FY23
    * CONFIRMS PREVIOUS ARR GUIDANCE FOR FY23 AND FY24

Source text for Eikon:  ID:nASX5v0L31 
Further company coverage:  AMS.AX 

 ((Reuters.Briefs@thomsonreuters.com;))