Q3 2024 Sivers Semiconductors AB Earnings Call Transcript
Good morning, everybody. This is Vickram Vathulya, the CEO at Sivers. And I'm here with Lottie Saks, who's our CFO. So, thank you for joining us, and I'm happy to host this first earnings call as the new Sivers' CEO.
So today's agenda, we're going to discuss the Q3 results. There'll be an executive summary. Lottie will go over the financial results. And I want to give some important market and business updates and some key takeaways for the audience today. And then we'll look at your questions and respond to them.
Let's get into the executive summary. On the financial side, in the third quarter, revenues were at SEK58.7 million. That's 1% year-on-year for Q3. So, we're stabilizing our revenues from the strong growth from last year. And sequentially, it's a 12% increase from Q2 to Q3. Our Wireless business had very healthy growth, 17% year-on year for Q3 and 40% up sequentially from Q2 to Q3.
If you look at the year-to-date results, revenues are at SEK167 million, that's 4% year-on-year. And we
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