Asetek – Q3 2023: Strong Liquid Cooling Demand Drives Revenue and EBITDA Growth
· Third-quarter revenue of $20.5 million, up 96% vs. Q3 2022 · Gross margin of 46% compared with 42% in Q3 2022 · Q3 adjusted EBITDA of $4.8 million, compared with loss of $0.6 million in Q3 2022 · SimSports revenue of $1.2 million in Q3, compared with $0.5 million in Q3 2022 · Nine-month revenue increased 45% to $59.7 million and adjusted EBITDA of $13.7 million vs. loss of $0.2 million in 2022 · New OEM Lian Li launched first high-end liquid cooler with Asetek technology · Full-year Group revenue guidance maintained with an expected increase in the range of 40% to 45%