Q2 2024 Sivers Semiconductors AB Earnings Call Transcript
Key Points
- Sivers Semiconductors AB (OSTO:SIVE) reported a 14% growth in Q2 2024, with over EUR 50 million in sales.
- Wireless segment showed significant growth, with a 29% year-over-year increase.
- Adjusted EBITDA improved by 25%, indicating better financial health.
- The company has a strong pipeline in the 5G sector, with three new projects announced.
- Product sales increased from 15% to 39% year-over-year, moving closer to the 8% target for 2026.
- Despite growth, the company still reported a negative EBITDA of EUR 12.4 million.
- There was a pause in growth in the first half of the year, indicating potential volatility.
- The company is not yet in mass production with its customers, leading to potential fluctuations in product sales.
- Revenue from the Fortune 100 customer is lower this year due to a decrease in NRE (Non-Recurring Engineering) income.
- The timeline for achieving volume production with key customers remains uncertain, causing potential delays in revenue realization.
So testing zone one two, three four. Can you hear me one, two, three four? Good morning, and welcome, everyone to the Second Quarter 2020 for web cast for silver semiconductors, my name is and the storm and I am the Group CEO of Syniverse. And with me, I have looked at the CFO, and we're going to take you through this report it's going to be a summary sales overview, financial overview, market and business update and the summary and the Q&A as normally is in the end of the webinar. So if we look at the executive summary, we had some great growth this quarter at 14%. Again, a stable quarter, over 50 million in sales. I remember back eight years when I did my first few to report, we were about 3 million sales. So it's a significant change in what we are selling today versus what we're selling at that point. And we are coming from very heavy growth last year with 68%. Wireless was the big driver of the growth with 29% growth year over year. We are also improving our adjusted EBITDA and our EBITDA 25% improvement at minus EUR12.4
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