Asetek – Updates on Full Year 2022 Guidance
Aalborg, Denmark – November 1, 2022 – Asetek A/S today provided full-year 2022 revenue and operating income expectations based on third-quarter financial figures and updated forecasts for the fourth quarter. The updated expectations follow the Company’s temporary suspension of guidance on August 3 this year due to reduced visibility on OEM customer and end-user demand for Liquid cooling and SimSports products. Updated full-year 2022 expectations: · Revenue in the range of $50-$52 million · Operating loss in the range of $5-$6 million The Company will release its 2022 third