Asetek – Q3 2021: Soft Q3 as Expected – Long-term Growth Ambitions Remain Firm
· Nine-month revenue of $61.7 million (+37%) and EBITDA adjusted of $6.5 million · Q3 revenue of $13.5 million compared with $21.6 million in Q3 2020; Q3 gross margin of 39% compared with 47% in prior year · Q3 EBITDA adjusted of negative $1.4 million, compared with $5.4 million in Q3 2020 · Results are consistent with update provided on September 22 · One-time charge of $1.7 million in operating expense for exit of the HPC data center niche · Opening of orders for SimSports products in Q4, with R&D investment of $0.8 million in Q3 · Asetek technology incorporated in first