2023-06-08 03:45:37 ET
- On experiencing strong demand for liquid cooling products for Gaming and Enthusiast products, Asetek ( OTC:ASKTF ) said on Thursday that it is raising its 2023 guidance.
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The company expects to report an increase in Group revenue for 2023 in the range of 25% to 35% compared with 2022 from previous guidance range of 5% to 15% compared with 2022.
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The projected operating income of about $5 to $7 million, up from previous range of $2 and $4 million.
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The revised forecast takes into account higher sales following a period of channel inventory adjustments, significant product release activity thus far in 2023, robust orders, and feedback from the recent COMPUTEX Taipei trade event.
- The Company will release its second quarter 2023 report on August 9.
For further details see:
Asetek raises full-year top-line guidance range on strong demand