Brief: Sivers Semiconductors Pre-Announces 2023 Financial Achievements

Sivers Semiconductors AB

10/01/2024 13:05

Jan 10 (Reuters) - Sivers Semiconductors AB  SIVEH.ST :
    * PRE-ANNOUNCES 2023 FINANCIAL ACHIEVEMENTS
    * WAS ABLE TO FULFIL PREVIOUSLY ANNOUNCED GUIDANCE OF
ACHIEVING
POSITIVE ADJUSTED EBITDA DURING SECOND HALF OF 2023
    * COMPANY ANTICIPATES FULL-YEAR 2023 REVENUE WILL GROW
BETWEEN 65%
AND 75% HIGHER THAN 2022
    * SUBSTANTIAL REVENUE GROWTH HAS BEEN DRIVEN PRIMARILY BY
SATELLITE CUSTOMER SEGMENT OF WIRELESS BUSINESS UNIT
    * COMPANY ANTICIPATES FURTHER GROWTH IN CUSTOMER PRODUCT
SHIPMENTS
AND SUBSTANTIAL REVENUE GROWTH THROUGHOUT 2024
    * WAS UNABLE TO ACHIEVE PREVIOUSLY ANNOUNCED GUIDANCE OF
100%
REVENUE GROWTH YEAR OVER YEAR FOR 2023
    * 20-25 MSEK PORTION OF 55 MSEK ORDER OF SATELLITE
BEAM-FORMER
CHIPS SHIPMENT WAS PUSHED OUT FROM Q4 2023 INTO 2024

Source text for Eikon:  ID:nWkrb7Rdyz 
Further company coverage:  SIVEH.ST 

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