Asetek – Q2 2024: Lower demand impacting Liquid cooling business, SimSports on track
· Q2 revenue of $12.7 million compared with $24.5 million in Q2 2023 · Q2 gross margin of 45%, level with Q2 2023 · Q2 adjusted EBITDA of $0.2 million, compared with $6.2 million in Q2 2023 · SimSports revenue was in line with expectations at $1.7 million in the quarter. Q2 2023 SimSports revenue of $2.4 million was unusually high due to initial shipments to a large reseller · First-half 2024 revenue of $24.9 million and adjusted EBITDA of $0.2 million, compared with $39.3 million and $8.9 million in first-half 2023, respectively · Group revenue expectation updated on July 1