Brief: Sivers Semiconductors Q1 Adjusted EBITDA Loss Widens To SEK 13.8 Mln
BRIEF-Sivers Semiconductors Q1 Adjusted EBITDA Loss Widens To SEK 13.8 Mln May 29 (Reuters) - Sivers Semiconductors AB SIVEH.ST:
Q1 NET SALES AMOUNTED TO SEK 61.9 M (78.9), EQUIVALENT TO A DECREASE OF 22% YOY
Q1 ADJUSTED EBITDA TOTALED SEK -13.8 M (-6.0), EQUIVALENT TO A DECREASE BY SEK 7.8 M
Q1 REVENUES WERE IMPACTED BY U.S. GOVERNMENT SHUTDOWN IN Q4 2025 AND ASSOCIATED DEFENSE BUDGET APPROVAL DELAYS AS WELL AS AN UNFAVORABLE EXCHANGE RATE ENVIRONMENT
EXPENSES GREW TO INCREASE SALES RESOURCES FOR ITS GROWING PIPELINE AS WELL AS PREPARATIONS FOR POTENTIAL U.S. DUAL LISTING
WITH MULTIPLE RAMPS ON TRACK FOR 2027, WE ARE POISED TO SHIFT TO HIGHER LEVELS OF PRODUCT SHIPMENTS 2027 ONWARDS
Source text: ID:nWkr2pb3tT
Further company coverage: SIVEH.ST
(Gdansk Newsroom)
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