Q3 2020 Nordic Semiconductor ASA Earnings Call Transcript
Welcome to Nordic Semiconductor's quarterly presentation for Q3 2020. I'm Svenn-Tore Larsen, the CEO of the company, and later on I will do the presentation of the situation and how we are doing today, and PÃ¥l will go through our financial just after me.
We had a continued strong growth in Q3. This was driven by both Tier 1 and also a strong uptake from the broad market. We had a revenue of $119.4 million. It's up 45% from last year and 34.9% from quarter past.
Our Bluetooth revenue was $97.1 million, up 56% year-on-year; proprietary revenue up to $19 million, plus 3%. And remember, when we entered this year, we expected that we should have a decline in proprietary. But despite, it's been growing 3%. Our cellular revenue amounted to $1.6 million. We start seeing more of our preproduction getting on our order backlog, and it looks certainly even better for Q4.
Our gross margin ended at 54.1%. This include a $2 million recalculation from Q2 and 1. That accounts for 1.7 percentage points. So basically, still very
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