Asetek – Q4 2022: Continued Market Challenges With Signs of Stabilization
· Fourth-quarter revenue of $9.5 million compared with $18.1 million in Q4 2021 · Gross margin of 41% compared with 42% in Q4 2021 · Full year revenue of $50.7 million and EBITDA adjusted of negative $0.8 million · Positive Liquid cooling EBITDA in Q4 and for full-year 2022 · Quarterly OPEX reduced 28% YoY due to organizational rightsizing and reduced litigation · Fully-underwritten rights issue of DKK 140 million (USD 20 million) to be launched in April 2023 to strengthen financial position · Process initiated to list the company’s shares on Nasdaq Copenhagen, with plan to