- Total first quarter revenue from 2022 been 3 euros.6 million (first quarter 2021: €3.8 million)
- Species position further improved in the first trimester from 2022
- The value of the order book increased by 16% compared to March 31, 2021
Deventer, April 12, 2021 – RoodMicrotec NV, a leading independent provider of quality semiconductors and services, today released its first quarter 2022 business update. Total revenue for the quarter was $3.6 million. euros, or 5% less than the total revenue for the first quarter. of 2021. In the first quarter of 2021, total revenue included work in progress of €0.5 million for the preparation of SCM projects. With this adjustment, total revenue for the first quarter of 2022 increased by 9% compared to the first quarter of 2021.
“The cash position at the end of the first quarter of 2022 further improved compared to the end of 2021 thanks to the increase in total revenues and a continued strict control of operating expenses”, says Martin Sallenhag, CEO of RoodMicrotec. “The increase in total income in the first trimestercorrected movements of work in progress, compared to 2021 SLAwhere to shows that the company focuses on the right markets, customers and services.”
With the expected increase in total revenue in 2022 compared to last year, it is encouraging to see that the value of the order book continues to increase. The order book contains orders for long-term contracts and commitments as well as short-term orders. Long-term contracts and commitments mainly concern the SCM and Test Operations units and short-term orders mainly concern the Failure Analysis and Qualification unit. RoodMicrotec maintains very strict control of all expenses, and only costs absolutely necessary to provide our high quality services to customers are approved. Additional capital investments are also thoroughly reviewed to ensure they are made to increase capacity or to add new functionality to the service portfolio.
RoodMicrotec expects total revenue in 2022 to be between 15.0 and 15.6 million euros with a positive pre-tax result. The current worldwide situation with regards to wafer and package delivery times as well as shipping delays may impact the ability to realize the expected total revenue. The war in Ukraine could also have an impact on the activity, but in the short term, we do not see a significant impact. RoodMicrotec is closely monitoring the situation and doing everything possible to mitigate any impact.
The financial data in this press release has not been audited.
RoodMicrotec is a leading independent semiconductor company and quality service provider. With over 50 years of experience in the semiconductor and electronics industry, RoodMicrotec is well established as a valued partner to many companies around the world. The company provides complete turnkey ASIC services for complex microchips that are customized to handle specific applications for individual customers. In cooperation with strong partners, RoodMicrotec manages the entire development and production flow of ASICs in the target volume, ranging from small quantities to several million per year. The turnkey solution includes project management, wafer testing, assembly, final testing, qualification, failure analysis and logistics. All services comply with the industrial and quality requirements of the high reliability, aeronautics, automotive, healthcare and industrial sectors. RoodMicrotec’s head office is located in Deventer, the Netherlands, with operational units in Nördlingen and Stuttgart, Germany
For more information, visit https://www.roodmicrotec.com
Martin Sallenhag – CEO, Arvid Ladega – CFO
Phone: +31 570 745623 Email: [email protected] Web: www.roodmicrotec.com
This press release is published in English and German. In the event of a conflict between these versions, the English version shall prevail.
This communication contains information that qualifies as inside information within the meaning of Article 7(1) of the European Market Abuse Regulation. The company’s Managing Director and CEO, Martin Sallenhag, is responsible for arranging the release of this document on behalf of RoodMicrotech.
2022 04 12_RoodMicrotec-Trading Update Q1-2022_E