Business
IQE plc: H1 2022 Results
IQE plc: H1 2022 Results.
About this update from Iqe Plc
[{"type":"text","content":"\n \n \n \n IQE plc\n \n \n \n \n (\"IQE\" or the \"Group\")\n \n \n \n \n H1 2022 RESULTS\n \n \n \n \n \n \n \n \n \n Cardiff, UK\n \n \n 6 September 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n H1 Trading in line with management expectations\n \n \n \n \n Strong progress against strategic priorities\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n IQE plc (AIM: IQE, \"IQE\" or the \"Group\"),\n the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, announces its interim results for the six months ended 30 June 2022.\n \n \n \n Americo Lemos, Chief Executive Officer of IQE, said:\n \n \n \n \n \"Earlier in the year we set out our strategic priorities to transform IQE, and in the first half of 2022 we made strong progress against these goals. Simultaneously, the business has demonstrated resilience despite the ongoing challenging global environment. The importance of compound semiconductors to a series of fundamental mega trends which will shape the global economy is gaining increasing recognition. I remain excited by the strength of IQE's proposition coupled with the opportunities ahead to diversify and grow our business to deliver value for all our stakeholders.\"\n \n \n \n \n \n \n \n \n \n H1 2022 Financials\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n H1 2022\n \n \n \n \n £'m*\n \n \n \n \n \n \n H1 2021\n \n \n \n \n £'m*\n \n \n \n \n \n \n Change\n \n \n \n \n (%)\n \n \n \n \n \n \n Change at constant currency (%)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 86.2\n \n \n \n \n 79.5\n \n \n \n \n 8.4\n \n \n \n \n 1.4\n \n \n \n \n \n \n Adjusted EBITDA**\n \n \n \n \n 12.3\n \n \n \n \n 11.6\n \n \n \n \n 6.2\n \n \n \n \n -\n \n \n \n \n \n \n Operating loss\n \n \n \n \n (7.4)\n \n \n \n \n (1.9)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjusted operating loss\n \n \n \n \n (1.4)\n \n \n \n \n (0.9)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Reported loss after tax\n \n \n \n \n (8.3)\n \n \n \n \n (2.7)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n...