Nordic Semiconductor ASA (GB:0FF9) has released an update.
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Nordic Semiconductor ASA reports a revenue dip to USD 128 million in Q2 2024, down 17% from last year, but sees a 72% increase from the previous quarter. Despite a current EBITDA loss, the company projects a return to revenue growth in Q3 with expected earnings between USD 150-170 million. CEO Vegard Wollan expresses optimism for the future, citing a stabilizing market and increased customer demand.
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