Asetek - Q3 2020: Record Revenue and EBITDA on Strong Gaming and Enthusiast Demand
Revenue in the first nine months was $44.9 million representing growth of 16% compared with the same period of 2019.
- Revenue in the first nine months was $44.9 million representing growth of 16% compared with the same period of 2019.
- Asetek began shipping nine new Gaming and Enthusiast products in the third quarter, four of which to a new DIY customer.
- As a result of continued strong demand for the Gaming and Enthusiast products, and improvements in supply chain capabilities enabling this demand to be serviced, Group revenue is expected to increase 25% to 30% from 2019 revenue of $54.3 million.
- This projection corresponds to a revenue range of $67.9 million to $70.6 million, implying a record annual Group revenue for the full year 2020.