Q3 2021 Nordic Semiconductor ASA Earnings Call Transcript
Welcome to Nordic's quarterly presentation for Q3 2021. It's a pleasure for me, together with Pal, our CFO, to present the numbers that we achieved through a very, very challenging quarter. And we've seen strong demand in all end user markets. There has been only 1 limitation, and that's basically a wafer supply. Our revenue ended at USD 148.5 million. It is actually on par with previous quarter. And it also reflects basically the allocation we get on wafers through Q3. Our Bluetooth revenue ended at $124.3 million is up 28% compared to the same quarter last year. Our proprietary revenue ended at $18.1 million, slightly down from last year. The good thing to see here is that our cellular IoT revenue increased 238% compared to last year, which resulted in $5.3 million revenue. This was also cut by supply, unfortunately.
Our gross margin ended at 53.1% and is basically contributed by feature-rich system-on-the-chips that we are selling more from during this quarter, and we will continue actually to see dominate our
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