Asetek Reports Strong Financial Results: Revenue Soars in Q4 and Full-Year 2022
Increased Demand for Liquid Cooling Drives Growth
AALBORG, Denmark, June 7, 2023
Asetek, a leading provider of liquid cooling solutions, announced robust financial results for the fourth quarter and full year of 2022. The company's revenue increased significantly, driven by growing demand for its liquid cooling technology.
In the fourth quarter, Asetek reported revenue of $166 million, marking a 75% increase from the same period in 2022. For the entire year, revenue reached $763 million, an increase of 20-30% compared to the previous year.
The company's success was attributed to the increased adoption of liquid cooling solutions in various industries, including gaming, enthusiast, and data center applications.
Asetek's collaboration with LIAN LI on the Galahad II LCD CPU coolers further contributed to its growth. These coolers utilize Asetek's Gen8 technology and are available in black and white.
Looking ahead, Asetek expects to continue its growth trajectory in 2023. The company anticipates a 20-30% increase in Group revenue compared to 2022.
Asetek's solid financial performance is a testament to its innovative liquid cooling technology and its ability to adapt to evolving industry demands.
Comments