Q1 2021 Nordic Semiconductor ASA Earnings Call Transcript
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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