U-BLOX HLDG AG NAMEN AKT - UBLXF STOCK NEWS

u-blox, based in Thalwil, Switzerland, reported record revenues of approximately CHF 624 million for FY 2022, marking a 51% growth compared to FY 2021. In 4Q 2022, revenues reached around CHF 149 million, a 24% increase year-over-year. The growth was widespread, particularly strong in the APAC region, driven by effective supply chain management and increased customer order fulfillment. CEO Stephan Zizala expressed optimism about sustained growth in 2023, although he anticipates a normalization of growth rates towards historical averages. Detailed FY 2022 results are set to be announced on 10 March 2023.

u-blox hosted its annual Capital Markets Day in Thalwil, Switzerland on November 22, 2022. The event featured the extended management team, including incoming CEO Stephan Zizala, discussing the company's business model, strategic focus, and R&D initiatives. Guest speakers from Digi-Key, Tractive, and Nofence shared insights. The webcast and presentation materials were made available to investors. This event aims to enhance transparency on u-blox's market strategy and growth opportunities.

u-blox (SIX:UBXN) announced the nomination of Elke Eckstein and Karin Sonnenmoser as independent board members, to be voted on at its Extraordinary Shareholders' Meeting on November 21, 2022. This fills two vacancies on the board, aiming for a total of seven members, with five being independent. Eckstein brings over 35 years of experience in semiconductors, while Sonnenmoser has expertise in finance and M&A. Chairman André Müller highlighted their backgrounds as key for u-blox's global expansion and diversity goals.

u-blox announced a significant 62% increase in revenues for the nine months ending September 30, 2022, totaling CHF 475 million. The growth, adjusted for currency effects, stands at 57%. The company expects FY 2022 revenue growth between 46%-54% and maintains EBITDA and EBIT margins of 22%-25% and 16%-19%, respectively. Strong demand across all regions, especially in APAC, contributed to a 79% revenue increase in Q3 2022. CEO Thomas Seiler emphasized resilience in overcoming supply chain challenges, and strong product demand positions the company for continued growth into 2023.

u-blox, a leading provider of positioning and wireless communication technologies, has integrated its ZOE-M8B GNSS module into RICOH THETA X, enabling high-quality 360-degree imaging with accurate GPS data. This integration allows the camera to embed precise location information without needing external devices, enhancing its appeal for various applications. The ZOE-M8B module is compact and energy-efficient, offering low power consumption while supporting multiple satellite constellations, making it a prime choice for small, accurate implementations.

u-blox announced the launch of two new explorer kits, XPLR-HPG-1 and XPLR-HPG-2, set for early 2023. These kits will integrate key technologies for centimeter-level positioning, including high-precision GNSS capabilities along with cellular, Wi-Fi, and Bluetooth communications. They aim to assist engineers in faster product development in micromobility and robotics sectors. The modular XPLR-HPG-1 kit allows customizable solutions, while the XPLR-HPG-2 provides an all-in-one integrated system for diverse applications.

u-blox reported a significant revenue growth of 52.7% in 1H 2022, reaching CHF 294.4 million, alongside a remarkable adjusted EBITDA growth of 166.5%. The company’s improved adjusted gross margin stood at 48.9%.

Due to strong demand, u-blox has raised its FY 2022 guidance, anticipating a revenue increase of 46% to 54% and an adjusted EBITDA margin of 22% to 25%. Reported net profit also soared to CHF 48.7 million, a significant rise from CHF 6.3 million in 2021.

u-blox has unveiled its smallest GNSS module, the MIA-M10, designed for compact asset tracking solutions. Measuring just 4.5 by 4.5 mm, this ultra-low-power module significantly enhances performance for battery-powered devices in various applications, including wearables and industrial sensors. With support for four GNSS constellations, it ensures superior positioning, even in challenging environments. The MIA-M10 is available in two variants to cater to different customer needs and will be showcased at the upcoming Sensors Converge trade show in San Jose, California.

u-blox has received the 2022 IoT Evolution Asset Tracking Award for its SARA-R510M8S module, which combines cellular and GNSS technology for ultra-low-power IoT asset tracking. This module enhances battery autonomy for devices needing minimal position updates, offloading power-intensive calculations to the cloud, thus saving tenfold power. The award signifies u-blox's commitment to delivering efficient, cloud-connected tracking solutions that expedite development for reliable asset management.