Sivers Semiconductors AB (SIVE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

During the Questions and Answers session, participants are able to ask questions by writing in the chat in the webcast. Now I will hand the conference over to CEO Vikram Vachulya and CFO Lottie Sachs. Please go ahead. Thanks, Siri. And welcome, everybody. This is Vikram, CEO at Seaver Semiconductors. Welcome to our second quarter 2025 webcast. Last quarter, we had some glitches in our video system. We've moved over to a new provider, and hopefully everybody has a seamless experience this time. So the agenda for today, there will be an executive summary that I'll provide. Then our CFO, Lottie Sachs, will go into the financial results and come back, pick back up on market and business updates and key takeaways. Then we'll have time for Q&A. Let's get into the executive summary for Q2. On the financial side, we came in with a solid quarter, 72.4 million SIEC. That is in line with the new baseline we established, if you remember last time, Q4 2024. That's a 38% increase year on year for Q2. It's also the highest ever Q2 in the history of the company. And as we have now crossed the midpoint of the year, we are Up from last year at this point, 39% year-to-date. Just at EBITDA, we continue to walk on the line to profitability. We have improved by 32% year-on-year compared to Q2 last year. And year-to-date, it's an improvement of 44% from last year. Our wireless business continues to show strong growth, and Q2 was a 71% increase year-on-year as well. For some notable highlights, very exciting to see that we won a new development contract with a new photonics customer, and also won a contract with AI Radar for defense radar applications. The Diffie technology is redefining SATCOM terminals, and we were invited to join the Diffie consortium. or next generation SATCOM terminals...