U Blox Holdg - UBLXF STOCK NEWS

u-blox announces SARA-S520M10L, a cellular and satellite IoT module with accurate positioning and connectivity

u-blox, a global leader in wireless and positioning technologies, reported strong financial results for H1 2023. Revenue increased by 12.9% to CHF 332.3 million (+15.0% at constant currencies). Adjusted EBITDA reached CHF 84.0 million with a margin of 25.3%. Adjusted EBIT was CHF 61.7 million with a margin of 18.6%. Net profit amounted to CHF 48.3 million. The company revised its FY 2023 guidance due to unfavorable FX rates and overstocking by customers, expecting revenues to develop between -6% to 0% and profitability margins in the range of 18-22% for adjusted EBITDA and 10-14% for adjusted EBIT.

u-blox has announced the u-blox LEXI-R4, a compact module that supports LTE-M and NB-IoT bands and operates on a 2G network. It is designed for size-constrained applications and offers features such as 2G fallback capability and support for GNSS commands.

u-blox Holding AG announced that during its Annual General Meeting (AGM) on April 19, 2023, shareholders overwhelmingly approved all proposals by the Board of Directors. Chairman André Muller expressed gratitude for shareholder support and emphasized the company’s commitment to innovation and growth, particularly in automotive and industrial IoT applications.

The AGM minutes and related materials will be available on the u-blox website. Upcoming financial milestones include the release of half-year revenues on July 12, 2023, half-year results on August 18, 2023, and nine-month revenue on October 11, 2023.

u-blox and GMV announced a partnership on March 16, 2023, aimed at enhancing automotive positioning technology. This collaboration integrates u-blox's GNSS receiver hardware with GMV's correction service and positioning engine, targeting advanced automotive applications like ADAS Level 2+. Starting Q2 2023, u-blox will commercialize this solution, providing integration and certification support alongside GMV. The partnership, formed at Mobile World Congress 2023, underscores both companies' commitment to delivering high-performance, safe positioning solutions for the automotive industry.

u-blox has introduced the u-blox IRIS-W1, the first compact stand-alone Wi-Fi module featuring dual-band Wi-Fi 6, Bluetooth LE 5.3, and Thread with Matter support. Built on the NXP RW612 chipset, this module enhances efficiency and reduces power consumption, making it ideal for IoT devices. It supports both 2.4 and 5 GHz Wi-Fi channels, improving network availability and reducing deployment costs. The module integrates a powerful Arm Cortex-M33 MCU, eliminating the need for external processors. With advanced security features and low radio interference, IRIS-W1 is poised for various high-security applications.