Q1 2023: Increased Activity Amid Continued Market Challenges

Source: jimmyspost.com jimmyspost.com

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First-quarter revenue of $14.8 million , up 6% from $13.9 million in Q1 2022 Gross margin increased to 44%, compared with 38% in Q1 2022 Q1 EBITDA adjusted of $2.8 million compared with EBITDA loss of $0.9 million in Q1 2022 SimSports revenue of $1.3 million in the quarter, reflecting shipments of eight new products 23 new liquid coolers began shipping in Q1 Quarterly OPEX reduced 25% YoY due to organizational rightsizing and reduced IP litigation efforts Successful listing on Nasdaq Copenhagen on 17 May after completing rights issue raising gross proceeds of $20 million Full-year 2023 outlook maintained –...