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Sivers Semiconductors (SIVE) investor relations material
Sivers Semiconductors Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q4 and full-year 2025 revenues, with SEK 304.1 million for the year (up 25% YoY, 33% at constant FX) and SEK 80.7 million in Q4, despite FX headwinds and a U.S. government shutdown.
Opportunity pipeline grew 64% in 2025 to $453 million, with product pipeline up 90%, supporting long-term revenue growth.
Strategic refinancing completed, replacing all existing loans and improving financial flexibility, including a $17 million facility and a $12 million convertible facility.
Strengthened leadership team and expanded global presence with new offices in the U.S. and India, and new Chief Revenue Officer and VP Operations.
Strategic partnerships expanded, including Doosan, O-Net Technologies, POET Technologies, DigiKey, and a European Space Agency contract.
Financial highlights
Q4 2025 revenues reached SEK 80.7 million; full-year revenues SEK 304.1 million, both record highs.
Product revenues for FY25 were SEK 85.7 million, up 13% at constant FX.
NRE revenues grew 33% for the year and 40% at constant FX, reaching SEK 218.4 million.
Adjusted EBITDA for Q4 was SEK 10.8 million; full-year Adjusted EBITDA improved by 31% year-over-year to SEK -10.8 million.
Q4 EBIT: SEK -44.8 million; full-year EBIT: SEK -141.3 million.
Outlook and guidance
Targeting cash flow breakeven at $50–55 million annual revenue with 65% from products within two years.
Long-term ambition: 25–30% revenue CAGR, gross margin above 50%, R&D at 20% of revenue, and EBITDA margin above 30%.
Expecting continued growth in opportunity pipeline and product revenues, with major customer ramps in LiDAR and defense sectors.
Board proposes no dividend for 2025.
No forward-looking financial forecasts published.
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