Sivers Semiconductors Announces Q2 Results: Strategic Growth and Key 5G Design Wins, Including a Major Global Company
Kista, Sweden // July 18, 2024 // Sivers Semiconductors AB (STO: SIVE), a leading supplier of integrated chips and modules for advanced communications and sensor solutions for AI Photonics, SATCOM, and 5G/6G, today announced its second-quarter results for the fiscal year 2024. The company demonstrated continued growth, securing significant new orders and improving its financial performance.Financial Highlights: · Q2 2024 revenue of SEK 52,3 million, a 14% increase from SEK 45,8 million in Q2 2023. · Adjusted EBITDA improved by 25% to SEK -12,4 million from SEK -16,6 million in Q2