NRSDY - Nordic Semiconductor ASA (NDCVF) CEO Svenn-Tore Larsen on Q1 2022 Results - Earnings Call Transcript

Nordic Semiconductor ASA (NDCVF) Q1 2022 Results Earnings Conference Call April 28, 2022 2:00 AM ET Company Participants Svenn-Tore Larsen - Chief Executive Officer and President Pal Elstad - Chief Financial Officer and Executive Vice President, Finance Ståle Ytterdal - Senior Vice President, Investor Relations Presentation Svenn-Tore Larsen Good morning and welcome to our presentation of Q1 2022. My name is Svenn-Tore Larsen and with me, as always, I have my CFO, Pal Elstad. I will start by summing up some highlights for the quarter. We delivered 28% revenue growth in the quarter, even though delivery capacity continues to be severely impacted by wafer constraints. Gross margin was high at 60%. Pal will discuss this in his part of the presentation. Actually generated a 52% increase in our gross profit, and we ended at $109 million. With this operational leverage we have, this led to more than doubling of EBITDA

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Nordic Semiconductor ASA (NDCVF) CEO Svenn-Tore Larsen on Q1 2022 Results - Earnings Call Transcript