Brief: Nordic Semiconductor Outlook Q2 Revenue Within Range Of USD 115-135 Mln

Nordic Semiconductor ASA

24/04/2024 06:06

April 24 (Reuters) - NORDIC SEMICONDUCTOR ASA  NOD.OL :
    * REVENUE IN Q2 IS EXPECTED TO FALL WITHIN THE  RANGE OF USD
115-135 MILLION
    * NORDIC  EXPECTS GROSS MARGIN OF AROUND 50% IN THE SECOND 
QUARTER OF THE YEAR
    * REITERATES ITS LONG-TERM AMBITION  TO MAINTAIN A GROSS
MARGIN
LEVEL ABOVE 50%.
    * BLUETOOTH REVENUE AMOUNTED TO USD 62.9 MILLION IN  Q1
2024, A
DECREASE OF 51.9% YEAR-ON-YEAR AND DOWN  30.1% FROM THE PREVIOUS
QUARTER
    * OPERATING EXPENSES EXCLUDING DEPRECIATION,  AMORTIZATION
AMOUNTED TO USD 58.6 MILLION IN Q1 2024,  THIS REPRESENTS A 7%
DECREASE IN COST COMPARED TO USD  63.0 MILLION IN Q1 2023
    * THE YEAR-ON-YEAR DECREASE PRIMARILY REFLECTS COST 
OPTIMIZATION
EFFORTS INITIATED DURING 2023
    * THE WEAKER  RESULTS CAN BE ATTRIBUTED TO THE DECLINE IN
REVENUE
AND A  SOMEWHAT LOWER GROSS MARGIN, WHICH WAS ONLY PARTIALLY 
OFFSET BY COST SAVING IMPACTS

Source text for Eikon:  ID:nObiW04JGa 
Further company coverage:  NOD.OL 

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