The latest update is out from u-blox Holding AG ( (CH:UBXN) ).
u-blox reported strong revenue growth in Q1 2025, with a 26% year-over-year increase, driven by demand in automotive and industrial sectors. The company is divesting its Cellular business to focus on its Locate segment, anticipating continued growth in GNSS products, particularly in China, where automated driving is gaining momentum. The strategic shift aims to improve profitability and market positioning, with expectations of double-digit revenue growth in Locate and Short-range segments throughout 2025.
More about u-blox Holding AG
u-blox is a global leader in automotive, industrial, and consumer markets, specializing in positioning and short-range communication technologies. The company offers high-precision technologies that enable precise positioning and wireless communication for people, vehicles, and machines. Headquartered in Thalwil, Switzerland, u-blox has a global presence with offices across Europe, Asia, and the USA.
YTD Price Performance: 8.10%
Average Trading Volume: 122
Technical Sentiment Signal: Hold
Current Market Cap: $628.1M
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