Sivers Semiconductors AB (SIVE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Sivers Semiconductors Q2 report for 2025. 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 Vathulya and CFO Haina Thorsgaard. Please go ahead. Thank you. This is Vikram Vathulya and welcome to everybody for our third quarter 2025 webcast. I'm super happy to have Heine Torsgaard with us as well. He's our new CFO that started in September. So let's get right into the presentation. So the agenda will be an executive summary from myself. Heine will go over the financial results, and I'll come back to talk about markets, customers, business update, and key takeaways. Then we'll have a Q&A session. In terms of our financials, this has been another very strong quarter, Q3. We came in with 72.5 million SIEC as revenues. That's a 24% year-on-year increase for Q3, and that's 34% year-to-date. We also need to note that the dollar has continued to weaken against European currencies. And we do not hedge for currency. And if you look at a constant FX rate, this delivers a 40% year to date growth in our revenues. And that is a remarkable achievement for the company. We continue to focus on profitability and year to date, our adjusted EBITDA has improved by 30%. We continue to manage our expenses. feed the important strategic activities inside the company but we keep a close handle on expenses as i've mentioned before product revenues are a key metric for the company as we make the transformation to become a predominantly product company in five years from now and we had product revenues of 18.9 million cec That's a 15% year-on-year increase for the quarter. And year-to-date, that's a 19% increase in product revenues. So we continue to march very well o...