KISTA, Sweden, July 18, 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 announced its second-quarter results for the fiscal year 2024. The company demonstrated continued growth, securing significant new orders and improving its financial performance. Financial Highlights: Q2 2024 revenue of SEK 52,3 million, a 14% increase from SEK 45,8 million in Q2 2023. Adjusted EBITDA improved by 25% to SEK -12,4 million from SEK -16,6 million in Q2 2023. EBITDA improved by 28% to SEK -14,8 million from SEK -20,6 million in Q2 2023. Operational Highlights: Secured three important 5G design wins, including a major global company. These three projects have a potential combined sales of approximately one million units of 5G products over the first three years of production, starting in 2026. We anticipate a substantial upside to this projection depending on our customers' success in their end markets. Product sales grew from 15% to 39% of total sales, representing 50% of the target of over 80% product sales by 2026. Strengthened the pipeline with substantial new orders, positioning the company for accelerated growth in the second half of the year. CEO Comments: "The growth journey continues," ...