Sivers Semiconductors AB (SIVE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, and welcome everybody to this exciting morning as we go through our fourth quarter 2025 webcast. This is Vikram Mathuria. The agenda for today is discussion of our Q4 and full year results with an executive summary from myself, and I'll hand it over to our CFO for financial results and details. And I'll come back for details on our business and key takeaways. which we'll then follow up with Q&A. 2025 was a phenomenal year for Severs, a record Q4 and a record full year. And when placed against the backdrop of a weakening dollar against the Swedish kronor the whole year and a US government shutdown in Q4 of 2025 makes our results even more impressive. For Q4, we had revenues of 80.7 million SIEC that made the whole year come in at 304.1 million SIEC, which is a 25% increase over last year, and even more impressive, 33% at constant FX. Adjusted EBITDA for the quarter came in at plus 10.8 million SIEC, and on an annual basis, adjusted EBITDA improved by 31%. which once again reinforces that we are executing on the business with a discipline and an eye towards improving profitability while continuing to invest in the areas that are most key for our future success. As I mentioned before, we are transforming from an engineering services company to a products company, and the time is well underway. And product revenues are an important metric that we monitor and drive results on growth. Q4 product revenues came in at 21.3 million SEAC, making the whole year come in at 85.7 million SEAC, and that's a 13% full year growth at constant effects. Talking about some of the key highlights, and we had a lot of highlights over this time period, our opportunity pipeline, which is a very important lead indicator of future revenue potential and revenue growth, made tremendous ...