Asetek – Q4 2021: Stabilization in Q4 as Expected – Long-term Growth Ambitions Remain Firm
· 2021 revenue of $79.8 million (10% growth) and EBITDA adjusted of $7.2 million · Full-year Gaming & Enthusiast revenue growth of 13% to $72.9 million · Q4 revenue of $18.1 million compared with record $27.9 million in Q4 2020 · Q4 gross margin of 42% compared with 44% in prior year · Q4 EBITDA adjusted of $0.7 million, compared with $6.9 million in Q4 2020; operating expense growth reflects continuing investment in SimSports · Encouraging market debut for SimSports with pre-orders of Invicta Sim Racing Pedals and highly positive reviews, confirming Asetek’s value proposition