Asetek – Q2 2021: Record Second-quarter Revenue on Strong Gaming and Enthusiast Demand
· Record Q2 revenue of $23.2 million reflecting growth of 64% over Q2 2020 · Q2 EBITDA adjusted of $3.2 million, compared with $3.1 million in Q2 2020 · First-half 2021 revenue grew 107% to $48.2 million, and EBITDA adjusted increased 140% to $7.9 million · SimSports R&D investment of $0.7 million in Q2, with launch of first products expected later this year · G&E investments increased to support future revenue growth · 2021 Group revenue expectation maintained at increase of 20% to 30% over 2020 revenue of $72.8 million · Gross margin is expected to normalize to between 40%