Napatech A/S (DE:NAT) has released an update.
Napatech A/S, a leader in programmable SmartNIC solutions, reported Q1 2024 revenues of DKK 21.5 million and a negative EBITDA of DKK 24.3 million, maintaining its 2024 outlook with expected revenue between DKK 170-180 million. The company announced a promising collaboration with Intel/Altera for the development of 400G IPUs, expecting to boost annual production to 50-60,000 units at peak years. Additionally, Napatech completed a successful capital raise to support growth opportunities and increased production.
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