Asetek – Q4 2023: Liquid Cooling Demand and SimSports Expansion Driving Growth
Q4 financial highlights · Fourth-quarter revenue of $16.6 million, up 75% vs. Q4 2022 · Q4 gross margin of 47% compared with 41% in Q4 2022 · Q4 adjusted EBITDA of $2.2 million, compared with loss of $0.6 million in Q4 2022 · SimSports revenue of $2.2 million in Q4, compared with $0.2 million in Q4 2022 2023 highlights · Second-highest-ever full year Group revenue of $76.3 million, up 51% from 2022 · Full year adjusted EBITDA of $15.9 million vs. loss of $0.8 million in 2022 · Broadening addressable Liquid Cooling market with value offering towards low end of