NORDIC SEMICONDUCTOR (Oslo, Norway -January 14, 2022 ) Preliminary numbers indicate thatNordic Semiconductor ASA will report revenue ofUSD 171 million with a gross margin of 58-59% for the fourth quarter 2021. In connection with the quarterly report for the third quarter 2021, the company guided for a revenue range ofUSD 150-170 million for the fourth quarter, with gross margin expected in the 51-53% range. The exceptionally high gross margin reflects a one-off effect of price adjustments for the company's products fromDecember 1, 2021 , including goods already in distributor inventories. Adjusting for these pricing effects, the underlying gross margin was approximately 53% in the fourth quarter, or roughly on par with the gross margin in the previous quarter. "Our fourth quarter and full-year revenue figures reflect continued strong performance across all our end-user markets. Gross margin also remains strong even if we adjust for the positive effect of price adjustments in the fourth quarter, with a favorable product and customer mix in a strong market," says CEOSvenn-Tore Larsen .Nordic Semiconductor ASA will announce the interim report for the fourth quarter and preliminary full year 2021 onFebruary 3, 2022 . For further information, please contact:Pål Elstad , CFO Nordic Semiconductor ASA Phone: +47 991 66 293Ståle Ytterdal , SVP IR Nordic Semiconductor ASA Phone: +47 930 37 430 AboutNordic Semiconductor :Nordic Semiconductor has been a pioneer in ultra- low power wireless solutions, from proprietary technologies for PC accessories to today's Bluetooth low energy and multiprotocol products and long-range cellular IoT solutions.Nordic Semiconductor is the clear market leader in the ultra-low power wireless segment, serving a growing market in consumer electronics, wearables, building and retail, healthcare and an increasing number of other verticals and applications.Nordic Semiconductor (NOD) is a public company listed on theOslo stock exchange inNorway . For more information go to www.nordicsemi.com This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5 -12.
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