U-BLOX HLDG AG NAMEN AKT - UBLXF STOCK NEWS

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.

u-blox has launched the LARA-L6, the world's smallest LTE Cat 4 cellular module offering global coverage and 2G/3G fallback. Measuring just 24 x 26 x 2.6 mm, it supports high data throughput with download speeds of 150 Mbps and upload speeds of 50 Mbps. The module is designed for various applications, including video surveillance and telematics, thanks to its compact size and security features. With native support for u-blox GNSS receivers, the LARA-L6 simplifies IoT development. Engineering samples are expected in Q2 2022.

u-blox has unveiled the MAYA-W2 tri-radio module, a significant advancement integrating Wi-Fi 6, Bluetooth LE 5.2, and IEEE 802.15.4 technologies. Designed for industrial and consumer applications, this module improves network efficiency, reduces latency, and enhances range. It enables faster market deployment through pre-integrated software drivers and supports multiple use cases across IoT. The module is compatible with existing Wi-Fi 4 devices for easy upgrades and is available starting June 2022.