Nordic Semiconductor ASA (LTS:0FF9)
kr 136.9 -1.25 (-0.9%) Market Cap: 26.53 Bil Enterprise Value: 25.64 Bil PE Ratio: 0 PB Ratio: 4.35 GF Score: 89/100
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Q1 2021 Nordic Semiconductor ASA Earnings Call Transcript

Apr 20, 2021 / 06:00AM GMT
Release Date Price: kr175.65 (+2.27%)
Svenn;Tore Larsen
Nordic Semiconductor ASA - CEO & President

Welcome to Nordic Semiconductor's quarterly presentation for first quarter of 2021. Pleasure to have you all listening in today. So we see a continued strong growth in revenue during very challenging times. And the important thing is that we see solid demand in all of our end-user markets. Our revenue came in at $143.2 million, it's up 104% year-on-year, and it's up 13% quarter-on-quarter, even though it's been, as we usually say, Chinese New Year in Q1 is usually a weaker quarter, but I think it's been going full steam all over Asia in production during this quarter.

Our gross margin ended at 50.2%, which was in the guided area we did earlier on. And for the first time, Bluetooth revenue passed $100 million. It actually came in at $119.8 million, it's up 134%. Our proprietary revenue keep running at a stable rate around $20.9 million, indicates a growth of 36% year-on-year. On the cellular IoT, it grew only 10%, and it was really heavily influenced by supply issues.

So all over, it was a healthy quarter

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