Trading Update
Revenue for the year ended
The Group also highlights a net cash position of c.£2m as at
Trading remained favourable in the final quarter of 2020 and the Company enters 2021 with positive momentum in both the Wireless and Photonics business units.
Dr
“IQE has achieved real strategic progress over the past year with excellent results. I am extremely proud of our strong financial and operational performance in 2020, which represents a record revenue performance for IQE. We also demonstrated strong free cash flow of close to £18 million, facilitating the transition to a net cash positive position at year end. The whole IQE team contributed to this result and they have demonstrated outstanding resilience throughout what was a hugely challenging year globally.”
Contacts:
+44 (0) 29 2083 9400
+44 (0) 20 7418 8900
+44 (0) 20 7986 4000
Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822
Andy Rivett-Carnac: +44 (0) 7968 997 365
ABOUT IQE
http://iqep.com
IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:
- handset devices
- global telecoms infrastructure
- connected devices
- 3D sensing
As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the whole market and is agnostic to the winners and losers at chip and OEM level. By leveraging the Group’s intellectual property portfolio including know-how and patents, it produces epitaxy wafers of superior quality, yield and unit economics.
IQE is headquartered in
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