SEK 100 million in new deals, including SATCOM, Fortune 100 customer and a strategic AI photonics partnership.  Secured additional liquidity of approximately SEK 80 million including loans and convertibles. KISTA, Sweden, May 3, 2024 /PRNewswire/ -- Sivers Semiconductors AB (STO: SIVE), a leading supplier of integrated chips and modules for advanced communications and sensor solutions for AI Photonics, SATCOM and 5G/6G today reported its first-quarter results for the fiscal year 2024. The company delivered stable performance, securing new deals worth $10 million (SEK 100 million), including a Fortune 100 customer and a strategic AI photonics customer, maintaining its growth momentum following a record-breaking year in 2023. Financial highlights: Q1 2024 revenue of SEK 56 million, in line with last year revenue that had significant growth of 113%. Adjusted EBITDA improved approx. 35% to SEK -7.6 million (-11.7). EBITDA improved approx. 35% to SEK -9.5 million (-15.0). Secured four new deals totaling approximately $10 million (SEK 100 million), including a Fortune 100 customer, a strategic AI photonics customer with a deal worth $1.3 million (SEK 13,5 million), and two SATCOM deals, building Sivers' pipeline for continued growth. Operational highlights: Won a new customer in AI photonics, as exciting as Ayar Labs partnership. Secured two significant deals in SATCOM. Increased demand and new business opportunities in 5G with several companies across a wide geographical spread. Demonstrated advanced laser chip and array technology at the Optical Fiber Communication Conference (OFC) in San Diego.