Fourth quarter 2020
- Revenue amounted to
SEK 29.707 M (25.362), an increase of 17% -
Profit before depreciation and amortization (EBITDA) amounted to
SEK 3.108 M (-19.877) -
Profit/loss for the period amounted to
SEK -0.563 M (-22.784) -
Earnings per share amounted to
SEK -0.00 (-0.17) -
Equity per share amounted to
SEK 3.44 (2.16) -
EBITDA was affected by
SEK 6.320 M (-1.342) relating to provision reversals for social security expenses relating to employee stock option programs. Adjusted for this item, EBITDA amounted toSEK -3.212 M (-18.535).
January-
- Revenue amounted to
SEK 96.170 M (96.355), a change of 0% -
Profit before depreciation and amortization (EBITDA) amounted to
SEK -55.661 M (-48.322) -
Profit/loss for the period amounted to
SEK -195.782 M (-75.661 -
Earnings per share amounted to
SEK -1.37 (-0.59) -
Equity per share amounted to
SEK 3,44 (2,16) -
EBITDA was affected by
SEK -28.704 M (-1.436) in provisions for social security expenses relating to the employee stock option programs. Adjusted for this item, EBITDA amounted toSEK -26.957 M (-46.886). -
Profit/loss was charged with
SEK -111.018 M (-1.419) in revaluation effects from embedded derivatives in the convertible debentures. Adjusted for this effect, and the provisions for social security expenses for employee stock option programs, profit/loss wasSEK -56.060 M (-72.806).
Significant events in the fourth quarter:
- On
October 1 , Ampleon called for conversion of the convertible debentures issued inDecember 2017 . The loan, including accrued interest, was converted to 4,651,727 new shares onOctober 22 . -
On
October 9 ,Sivers IMA Holding AB changed its name toSivers Semiconductors AB . In connection with the name change, the subsidiaries' names were also changed toSivers Wireless (formerlySivers IMA AB ) and Sivers Photonics (formerly CST Global). -
On
October 12 ,Sivers Semiconductors announced that the subsidiary Sivers Photonics received an order worth approx.SEK 4 M for a new project from one of the company's established Fortune 100 customers. -
On
October 29 Sivers Semiconductors announced that the subsidiary Sivers Photonics had been awarded aSEK 3.1 MUK grant for its part in the MAG-V project aimed at developing the world's first commercial Quantum Atomic Magnetometer. -
On
November 3 Sivers Semiconductors announced that the subsidiarySivers Wireless had received a Chinese 5G order fromSiemens Healthineers . -
On
December 7 Sivers Semiconductors announced thatSivers Wireless had signed a long-term supply contract for the new 2D RF module. The forecast of the supply contract for the first four years is estimated atSEK 70-100 M and is based on estimated volumes from 8devices. -
On
December 9 Sivers Semiconductors announced that Sivers Photonics had been awarded a government grant of approx.SEK 3.6 M from InnovateUK relating to the company's participation in the SPIDAR project which develops quantumbased LiDAR systems for driver assisted and autonomous vehicle applications. -
On
December 29 Sivers Semiconductors announced thatSivers Wireless had won its first order fromIndia , fromAstra Microwave Products Ltd , based in iHyderabad, India , through its local distributorDoppler Electronics Pvt Ltd for the Dual Quad Beamformer IC-chip (BFIC).
Significant events after the end of the period:
- On
January 11 Pelle Wijk was appointed MD of the subsidiarySivers Wireless . -
On
January 11 ,Sivers Semiconductors announced that the subsidiary Sivers Photonics had won an order in Optical Sensing worth approx.SEK 11 M from one of the company's established Fortune 100 customers. The order will be delivered and invoiced in the first half of 2021. -
On
January 21 ,Lottie Saks was appointed new Board member inSivers Semiconductors AB at an Extraordinary General Meeting. -
On
February 4 Sivers Semiconductors announced thatSivers Wireless has received an order for 5GmmWave IC from TMYTEK inTaiwan .
Key performance indicator
2020 | 2019 | 2020 | 2019 | |
Oct-Dec | Oct-Dec | Jan-Dec | Jan-Dec | |
Revenue | 29,707 | 25,362 | 96,170 | 96,355 |
EBITDA | 3,108 | -19,877 | -55,661 | -48,322 |
Profit/loss for the period | -563 | -22,784 | -195,782 | -75,661 |
Earnings per share before and after dilution, SEK | 0,00 | -0,17 | -1,37 | -0,59 |
Equity per share, SEK | 3,44 | 2,16 | 3,44 | 2,16 |
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CEO's Statement
Net sales totaled
Photonics - at the leading edge of technology
Sivers Photonics delivered a very strong quarter and year. For the full year, Photonics' achieved break even at EBITDA level, against a loss of
In the fourth quarter, Photonics received an order worth approx.
Sivers Photonics' development projects are leading edge. In the quarter, Photonics received two government grants worth a total of
Wireless wins several important orders
entering the volume production phase.
We won several orders in the quarter, including a Chinese 5G-order from
We signed the design-win that underpins the contract with 8devices in fourth quarter 2020, and under our current plan it will be less than a year from start until the finished product has been installed with the end customer on the US market. The contract is important because 8devices already had a leading US customer at the time of the design-win, which means that we anticipate volume growth as early as 2021. We are also hopeful that 8devices will sell the product to other customers, which would generate even higher revenue than estimated for the period.
Strong future optimism
Our name change in October to
At the end of the fourth quarter, total cash and cash equivalents amounted to
Everyone at Sivers has worked hard to get where we are today. Overall, both Photonics and Wireless had a strong year in 2020 and I want to thank both teams for their excellent efforts. While the pandemic slowed general activity in 2020, delaying the strong growth we foresee, results still remained in line with the previous year. Although the pandemic may continue to slow progress in the early part of 2021, for example by complicating some end customers' field tests of new products, as the pandemic and associated restrictions loosen their grip on the world, I foresee our growth accelerating. We are in an excellent position in terms of our customers, balance sheet and new products, and I remain very optimistic about the future.
For more information please contact:
Tel: +46 70 262 6390
E-mail: anders.storm@sivers-semiconductors.com
The company's Certified Adviser is Erik Penser Bank, +46 8 463 83 00, certifiedadviser@penser.se.
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