Asetek - Q3 2022: Focus on Efficiencies and New Products Amid Continued Market Headwinds
The change from prior year for both periods compared reflects a decline in shipments of liquid cooling products due to the continued challenging business climate.
- The change from prior year for both periods compared reflects a decline in shipments of liquid cooling products due to the continued challenging business climate.
- Gross margin for the first nine months of 2022 was 41% compared with 42% in the same period of 2021.
- "While we are reducing costs and seeking efficiencies in response to the continued challenging business climate, we also see a high level of interest and positive feedback from end-users for all of our products.
- In the fourth quarter, six new liquid cooling products and at least two new SimSports products are expected to begin shipping.