Sivers Semiconductors Reports Record Fourth-Quarter and Fiscal-Year 2023 Results

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A record-breaking year and quarter, leads to profitability in Q4, 2023

Fourth-quarter revenue was SEK 73.882 million, up 48% year-over-year (YoY).
Full-year revenue was SEK 236.334 million, up 78% year-over-year (YoY). 
Adjusted EBITDA totaled SEK 21.032 million (–16.943).
Company is finalizing a SEK 50 million loan facility extension with existing lenders; thus eliminating the need for capital contributions from shareholders.

KISTA, Sweden, Feb. 8, 2024 /PRNewswire/ Sivers Semiconductors AB (STO: SIVE)

Fourth quarter October-December 2023

Net sales amounted to SEK 73.882 M (49.771), equivalent to an increase of 48%. Net sales increased by 42% at constant currency.
Adjusted EBITDA totaled SEK 21.032 M (–16.943).
Profit/loss before depreciation and amortization (EBITDA) amounted to SEK 13.515 M (-16.112).
Operating profit/loss (EBIT) was SEK -33.784 M (-41.842).
Profit/loss after tax amounted to SEK -46.382 M (-38.153).
Earnings per share before and after dilution was SEK -0.20 (0.18).
Equity per share amounted to SEK 5.10 (5.80).

January- December 2023

Net sales amounted to SEK 236.334 M (132.607), equivalent to an increase of 78%. Net sales increased by 71% at constant currency.
Adjusted EBITDA totaled SEK –19.827 M (–75.277).
Profit/loss before depreciation and amortization (EBITDA amounted to SEK -33.654 M (-73.277).
Operating profit/loss (EBIT) was SEK -158.623 M (-185.096).
Profit/loss after tax amounted to SEK -157.384 M (-86.384).
Earnings per share before and after dilution was SEK -0.68 (-0.41).
Equity per share amounted to SEK 5.10 (5.80).

Key performance indicators

SEK 000

2023
Oct-Dec

2022
Oct-Dec

2023
Jan-Dec

2022
Jan-Dec

Net sales

73,882

49,771

236,334

132,607

Net sales growth, %

48 %

113 %

78 %

46 %

Net sales growth, at constant currency, %

42 %

80 %

71 %

30 %

Adjusted EBITDA

21,032

-16,943

-19,827

-75,277

EBITDA 

13,515

-16,112

Full story available on Benzinga.com


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