Business
Asetek - Q2 2025: Positioning for Future Growth
Asetek reported second-quarter revenue of $11.2 million compared with $12.7 million in the same period of 2024. First-half 2025 revenue was $21.0 million compared with $24.9 million in the first half of 2024. The change in both periods mainly reflects fewer shipments of liquid cooling products. Gross margin was level at 45% for both the second quarter and first half of 2025 and the respective periods of 2024.
About this update from Asetek A/s
[{"type":"list","items":[{"val":[{"type":"text","content":"Q2 revenue of $11.2 million, compared with $12.7 million in Q2 2024.","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Q2 gross margin of 45%, level with Q2 2024","length":42,"tagName":"p"}]},{"val":[{"type":"text","content":"Q2 adjusted EBITDA of $82 thousand, compared with $239 thousand in Q2 2024","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Liquid Cooling revenue of $9.8 million, up from $8.6 million in Q1 2025 and compared with $11 million in Q2 2024","length":112,"tagName":"p"}]},{"val":[{"type":"text","content":"SimSports revenue in line with expectations at $1.3 million following the U.S. import tariff announcements in April, compared with $1.7 million in Q2 2024","length":154,"tagName":"p"}]},{"val":[{"type":"text","content":"First-half 2025 revenue of $21.0 million, and adjusted EBITDA of negative $0.2 million compared with $24.9 million and positive $0.2 million in first-half 2024, respectively","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"Group revenue expectation for 2025 is maintained in the range of $45 to $53 million with adjusted EBITDA at 0% to 3%.","length":117,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":740,"olType":false},{"type":"text","content":"AALBORG, Denmark, Aug. 19, 2025 /PRNewswire/ -- Asetek reported second-quarter revenue of $11.2 million compared with $12.7 million in the same period of 2024. First-half 2025 revenue was $21.0 million compared with $24.9 million in the first half of 2024. The change in both periods mainly reflects fewer shipments of liquid cooling products. Gross margin was level at 45% for both the second quarter and first half of 2025 and the respective periods of 2024.","length":460,"tagName":"p"},{"type":"text","content":""Amidst continued macro uncertainties, Asetek experiences strong momentum with new and existing Liquid Cooling customers led by innovative products for a wider market, focused commercial work and a growing recognition of our quality, established supply chain and full service offering in volatile markets. This week, we are launching our Initium mass-market sim racing product portfolio at Gamescom in Germany, significantly widening our addressable market. Within both our segments, we are positioned to deliver long-term profitable growth when markets stabili...