Asetek – Q2 2023: Continued Liquid Cooling Market Improvement Drives Revenue Growth
· Q2 revenue of $24.5 million, reflecting growth of 45% over Q2 2022 and among top three quarters ever · Gross margin of 45%, up from 42% in Q2 2022 · Q2 EBITDA adjusted of $6.2 million, compared with $1.3 million in Q2 2022 · SimSports revenue of $2.4 million in Q2, compared with $1.0 million in Q2 2022 · First-half 2023 revenue increased 28% to $39.3 million, and EBITDA adjusted rose to $8.9 million from $0.4 million in first-half 2022 · Successful listing on Nasdaq Copenhagen on 17 May after completing rights issue raising net proceeds of $16.1 million · Full year