Financial Overview and Strategic Insights slide image

Financial Overview and Strategic Insights

FINANCIAL OVERVIEW (in thousands of USD) Three Months Ended December 31. Change Year ended December 31. Change 2023 2022 S % 2023 2022 S % Consolidated net revenue $ 23,915 $ 22,033 $ 1,882 9 % $ 87,241 $ 86,749 00 S 492 1 % Cost of sales 21,913 20,773 1,140 5 % Inventory write-down 89 89 N/A 74,527 805 Gross profit $ 1,913 $ 1,260 $ 653 52 % $ 11,909 $ 15,436 09 Gross margin 8 % 6% N/A 2 PP 14 % 18 % 71,313 3.214 5 % 805 (3,527) N/A (23)% N/A (4)pp Net income (loss)() $(45,151) $(76,181) $ 31,030 41 % $ (70,439) $(155,178) S 84,739 55 % Adjusted EBITDA (ii) $(14,790) $(19,018) $ 4,228 22% $(61,564) (70,291) 8,727 12 % Other Data Cash and cash equivalents(iv) Short-term investments(iv) $669,291 $764,644 $ (95,353) 192.237 113,077 79,160 (12)% 70 % 1,792 768 1,024 133 % 3,423 Capital expenditures(V) (i) Gross margin is defined as gross profit divided by net revenue. 5,032 (1,609) (32)% (ii) The improvement year-over-year in quarterly net income (loss) was primarily driven by lower income tax expense, an improvement in operating loss and higher interest income. (W) See "Non-GAAP Measures" for more information, including a reconciliation of adjusted earnings (loss) before interest, taxes, depreciation and amortization ("Adjusted EBITDA") to net income (loss). (iv) Dollar amounts are as of the last day of the period indicated. (v) Capital expenditures represent component information of investing activities and is defined as the sum of purchase of property, plant and equipment, and purchase of intangible assets. For more details on the Company's Adjusted EBITDA calculation, including reconciliations to net income (loss), please go to page 24 of this presentation. 16
View entire presentation