Asetek - Q1 2021: Record first-quarter revenue and EBITDA on strong Gaming and Enthusiast demand
Record first-quarter revenue of $25.0 million, reflecting growth of 174% over Q1 2020 Gross margin of 43% compared with 49% in Q1 2020 Record first-quarter EBITDA adjusted of $4.7 million, compared with $0.2 million in Q1 2020 Announced entering the fast-growing SimSports gaming market, with the expected launch of new products in late 2021 2021 Group revenue expectation updated April 7 to an increase of 20% to 30% over 2020 revenue of $72.8 million Gross margin is expected to decline from 2020 and Asetek expects operating income of about $11 to $16 million, up from $10.9 million in 2020 Asete...
Source: prnewswire.com