Sivers Semiconductors pre-announces 2023 financial achievements
Sivers Semiconductors AB today announced that it was able to fulfil the previously announced guidance of achieving positive adjusted EBITDA during the second half of 2023.
The company anticipates full-year 2023 revenue will grow between 65% and 75% higher than 2022. This substantial revenue growth has been driven primarily by the satellite customer segment of the wireless business unit. The company anticipates further growth in customer product shipments and substantial revenue growth throughout 2024.
The company was unable to achieve the previously announced guidance of 100% revenue growth year over year for 2023, as a 20-25 MSEK portion of a 55 MSEK order of satellite beam-former chips shipment was pushed out from the fourth quarter 2023 into 2024.
The fourth quarter and full-year 2023 earnings report will be released as previously stated on 8 February.
The figures presented above are unaudited and subject to potential revisions.
For more information please contact:
Anders Storm, CEO
Tel: +46 70 262 6390
E-mail: anders.storm@sivers-semiconductors.com
This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the contact person set out, on 10-01-2024 14:00 CET.
Sivers Semiconductors AB is a leading and internationally recognized technology company that supplies ICs and integrated modules through its two business areas Wireless and Photonics. Wireless develops mmWave products for advanced 5G systems for data and telecommunications networks and satellite communication. The portfolio includes RF transceivers, beamforming front end ICs, integrated mmwave antennas, repeaters, and software algorithms for optimum mmWave RF performance. Photonics develops and manufactures semiconductor based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi). The company is listed on Nasdaq Stockholm under SIVE. The head office is located in Kista, Sweden. For more information: http://www.sivers-semiconductors.com