Asetek – Q2 2020: Gross margin increase and raised full-year expectations
· Q2 revenue of $14.1 million compared with $17.1 million in Q2 2019 · Gross margin increased to 51% in Q2 and first half, from 42% in both prior year periods · Q2 EBITDA adjusted of $3.1 million, compared with $3.3 million in Q2 2019 which included a $0.8 million positive effect from a favorable patent litigation settlement · First-half revenue of $23.3 million and EBITDA adjusted of $3.3 million compared with $28.3 million and $3.6 million respectively in 2019 · Collaboration with Hewlett Packard Enterprise (HPE) to deliver data center liquid cooling solutions for HPC and