Asetek – Q1 2022: Soft Q1 on continued component shortages, encouraging SimSports launch
· First-quarter revenue of $13.9 million compared with record $25.0 million in Q1 2021 · Gross margin of 38% compared with 43% in Q1 2021 · SimSports orders and backlog of ~$1.5 million per end-April with initial shipments in March and additional products in the pipeline · 2022 Outlook maintained with group revenue growth expected of -5% to +15% from 2021 and operating income is expected to be between -$1 and +$5 million, reflecting a volatile global situation Asetek reported first-quarter revenue of $13.9 million compared with $25.0 million in the same period of 2021. The