Q3 2022 Nordic Semiconductor ASA Earnings Call Transcript
Good morning, and welcome to our presentation of Q3 2022. My name is Svenn-Tore Larsen. And with me, as always, I have my CFO, PÃ¥l Elstad. We are once again reporting a record result in a very turbulent environment with supply issues and increasing macroeconomic uncertainty. Our revenue increased 36%, up to $202 million, whereas our gross profit increased by 47% to USD 116 million, and our EBITDA more than doubled to USD 60 million. As I said last time around, the frustrating thing is that revenue and result could have been significantly higher if our delivery capacity has not been severely impacted by wafer supply constraints.
Unfortunately, we see a stable revenue outlook for Q4 only due to continued supply challenges. And we are guiding revenues of USD 190 million to USD 210 million again, and we will continue having a strong gross margin above 54%. Our backlog has come down from the peak levels we saw at the end of last year. And our second quarter presentation, we said that you should expect further backlog
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