Napatech: Reconfigurable Computing

TekBot november 2, 2023, 7:00am #245

Napatech A/S: Q3 2023 Financial Results

(Copenhagen, 2 November 2023) Napatech A/S (“Napatech”, OSE: NAPA) reported revenues of DKK 49.7 million in the third quarter of 2023, an increase of 34% from 37.0 million in the third quarter of 2022. The company’s EBITDA came in at DKK 7.9 million (-7.0 million in the third quarter of 2022). Napatech reiterates the 2023 outlook of revenues to grow to DKK 180-200 million.

“We are pleased that our business is expanding with increasing revenues and strong product margins, accelerated by our delivery of high-speed solutions to make applications faster and better to use, improve networking and make security more effective. Napatech’s growth is fueled by strong solutions, focused execution and solid partnerships,” says Henrik Brill Jensen, CEO of Napatech, and continues:
…

Vis børsmeldingen

“Our partnership with Intel continues to strengthen our business pipeline. We experience increased attention from analysts, partners and customers for our new Intel-based IPUs, available from December 2023, driven by the global launch at the Intel Innovation event in September this quarter.”

Napatech is a global leader of FPGA-based SmartNICs and IPUs focused on high-speed solutions for cloud, mobile, telecom and enterprises with a goal of putting a SmartNIC in every server requiring faster applications, better networking and more effective security.

Napatech reported revenues of DKK 49.7 million in the third quarter of 2023, representing a growth of 34% from DKK 37.0 million in the same period in 2022, with an EBITDA* of DKK 7.9 million (-7.0). The net cash flow from operating activities ended at DKK -8.8 million (-15.0) for the quarter. At the end of the third quarter of 2023, Napatech had cash and cash equivalents of DKK 44.2 million (27.9).

“Our third quarter results are an important short-term milepost that also creates longer-term confidence in our investments in products, people and partnerships that support our design-win pipeline and aspirations for 2024-2026 revenue growth,” says Brill Jensen.

The company reiterates the outlook for 2023:

Revenue in the range of DKK 180 – 200 million

Gross margin 68-71%

Staff expenses and other external costs in the range of DKK 160-170 million

Staff costs transferred to capitalized development costs DKK 20-25 million

With performance in the middle of the guided ranges, revenue is expected to grow 20% and EBITDA will be negative DKK 10.5 million in 2023.
“In summary, I am pleased to affirm our full-year 2023 outlook. I remain inspired that several aspects of our strategic plan have progressed faster than we previously anticipated. We remain focused, knowing that we are still in the initial stages, but also energized by these activities that strengthen our confidence in our growth ambitions,” Brill Jensen concludes.
For more information, please see the attached report for the third quarter of 2023.

Napatech will host a webcast presentation and a conference call of its
third quarter 2023 report today at 09:00 (CET). The presentation will be given by Henrik Brill Jensen (CEO) and Heine Thorsgaard (CFO).

The presentation will be delivered by webcast on:

webinar.net

Dial-in details for the conference call are:

DK: +45 8987 5045
NO: +47 8150 3308
US: +1 646 664 1960
UK: +44 20 3936 2999

Participant Access Code: 031723

*EBITDA and other alternative performance measures (APMs) are defined on page 3 in the attached report for Q3 2023.

For additional information, please contact:

Heine Thorsgaard, Chief Financial Officer
Phone: +45 4596 1500
E-mail: htg@napatech.com

Media inquiries:
Geir Bjørlo, Corporate Communications AS
Telephone: +47 915 40 000
E-mail: geir.bjorlo@corpcom.no

About Napatech

Napatech is a leading supplier of programmable FPGA-based SmartNIC solutions used in telecom, cloud, enterprise, cybersecurity and financial applications worldwide. Through commercial-grade software suites integrated with robust, high-performance hardware, Napatech accelerates telecom, networking and security workloads to deliver best-in-class system-level performance while maximizing the availability of server compute resources for running applications and services.

www.napatech.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Heine Thorsgaard, CFO, Napatech A/S, on 2 November 2023 at 08:00 CET.

Kilde

TekBot desember 15, 2023, 9:05am #246

Financial calendar

TekBot januar 22, 2024, 7:00am #247

Napatech A/S: Lars Boilesen appointed CEO of Napatech

Lars Boilesen appointed CEO of Napatech

COPENHAGEN, Denmark, 22 January 2024 - Napatech A/S (Napatech, OSE: NAPA) today announces the appointment of Lars Boilesen as Chief Executive Officer (CEO) of the Company effective immediately.
…

Vis børsmeldingen

“We are very pleased to announce Lars Boilesen as the new CEO of Napatech. He brings a wealth of industry experience and track record from listed companies and has served as chairman of Napatech for nearly 7 years. In this position, he has been a pivotal force in changing the company’s strategic direction and securing vital partnerships. He has also been instrumental in securing several strategic relationships with tier 1 customers. His experience and impact in Napatech as chairman demonstrate his potential to significantly enhance the company’s growth and profitability,“ says Christian Jebsen, acting chairman of the Board of Directors of Napatech.

Lars Boilesen has been chairman of Napatech since September 2017 and has experience from multiple executive roles in the international software and technology industry, including as CEO of Opera Software ASA from 2010 to the company was sold in 2016 and CEO of the Norwegian-listed software company Otello Corporation (OSE: OTEC) from 2016 to 2023. Boilesen is stepping down as chairman with immediate effect as he assumes the CEO role.

“I look forward to working with the Napatech team even more closely to leverage on our opportunities and drive growth and expansion. I have been part of the Board of Directors for years and am highly impressed by the people and the world-class technology. The Company is perfectly positioned to capitalize on the opportunities in a rapidly changing market, and I look forward to embarking on this journey,“ says Lars Boilesen, CEO of Napatech.

Henrik Brill Jensen, who was appointed interim CEO in February 2023, will revert to his previous position as COO. The board would like to thank Henrik Brill for acting as the CEO in the period from Ray Smet’s departure until Lars became the new CEO of Napatech.

Christian Jebsen, who has been a board member of Napatech since 2019, will act as chairman until the ordinary general meeting.

The Board will offer Lars Boilesen 2,000,000 DKK in annual salary and no annual cash bonus.

Furthermore, as part of the management services agreement, the Board of Directors have agreed with Mr. Boilesen that he shall acquire treasury shares at fair market value (as determined after this public announcement and being the volume-weighted average price of today’s trading on the Oslo Stock Exchange) against payment of NOK 2,000,000. The Company will notify the market about Mr. Boilesen’s transaction as soon as the transaction has been made.

Furthermore, the Board of Directors has undertaken to seek the authorization of the general meeting to grant Mr. Lars Rahbæk Boilesen, as part of his remuneration and incentives package, up to 2,000,000 warrants equivalent to 2,000,000 shares in the company, vesting in equal instalments annually over 4 years , and having an exercise price of 13.06 NOK per share (corresponding to the weighted average trading price of the last 5 days prior to this announcement).

The aim of the warrants will be to align the goals of the company’s shareholders and management in order to increase the company’s value and to commit the newly appointed CEO to the company and its long-term objective.

For additional information, please contact:
• Christian Jebsen, Acting Chairman of the Board of Directors Phone: +47 40 40 14 41 E-mail: christian.jebsen@verdane.com
• Lars Boilesen, Chief Executive Officer Phone +47 40 40 14 60 E-mail: Larsb@napatech.com
• Heine Thorsgaard, Chief Financial Officer Phone: +45 4596 1500 E-mail: htg@napatech.com

About Napatech
Napatech is a leading supplier of programmable FPGA-based SmartNIC solutions used in telecom, cloud, enterprise, cybersecurity and financial applications worldwide. Through commercial-grade software suites integrated with robust, high-performance hardware, Napatech accelerates telecom, networking and security workloads to deliver best-in-class system-level performance while maximizing the availability of server compute resources for running applications and services.

Additional information is available at: www.napatech.com.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Heine Thorsgaard, CFO, Napatech A/S, on 22 January 2024 at 08:00 CET.

Kilde

1 Like

TekBot januar 23, 2024, 7:00am #248

Napatech A/S: Mandatory notification of trade

2 Likes

TekBot januar 30, 2024, 1:17pm #249

Napatech A/S: Mandatory notification of trade

Attached is a PDMR notification for Mr. Henrik Brill Jensen, COO of Napatech A/S. The form reports the divestiture of 133,284 Napatech shares. The transaction occurred as an inadvertent result of a change of Napatech’s pension scheme supplier.

With effect from October 2023, Napatech changed its pension scheme supplier for all employees. In connection with the transfer of the existing pension scheme to the Company’s new supplier, the aforementioned Napatech shares, which were held under the previous pension scheme, were sold. The sale occurred without Mr. Jensen’s instructions or knowledge. As the sale occurred inadvertently, Mr Brill intends to use the proceeds from the transaction to re-acquire the NAPA shares in the near future. Mr. Jensen’s 253,871 Napatech shares held outside the pension scheme were not affected by the incident and remain owned by Mr. Jensen.
…

Vis børsmeldingen

For more information, please contact:

Heine Thorsgaard, CFO
Phone: +45 4596 1500
E-mail: htg@napatech.com

This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19.

Kilde

TekBot januar 31, 2024, 4:01pm #250

Napatech A/S: Notice of an Extraordinary General Meeting of Napatech A/S

1 Like

TekBot februar 21, 2024, 11:00am #251

Napatech A/S: Invitation to presentation of results for Q4 2023

COPENHAGEN, Denmark, February 21, 2024 – Napatech (OSE: “NAPA”) will present its Q4 2023 Interim Management Statement on February 28, 2024.

In connection with the earnings release, Napatech will host a webcast and a conference call at 09:00 (CET).
…

Vis børsmeldingen

A presentation will be given by Lars Boilesen(CEO) and Heine Thorsgaard (CFO).

The presentation will be delivered by webcast on:

webinar.net

Dial-in details for the conference call are:

DK: +45 89 87 50 45
NO: +47 81 50 33 08
US: +1 646 664 1960
UK: +44 20 3936 2999

Participant Access Code: 396571

The presentation and link to the webcast will also be available on the Napatech Investor Information website.

For more information, please contact:

Heine Thorsgaard, CFO
Phone: +45 4596 1500
E-mail: htg@napatech.com

Kilde

1 Like

TekBot februar 22, 2024, 1:45pm #252

Napatech A/S: Minutes from Extraordinary General Meeting 2024

TekBot februar 23, 2024, 1:00pm #253

Napatech A/S: Issue of Share Options

COPENHAGEN, Denmark, February 23, 2024 – Napatech (OSLO: NAPA.OL) today announced that the Board of Directors of Napatech A/S has decided to issue share options to its chief executive officer.

The Board’s decision was made in accordance with the 22 February 2024 extraordinary general meeting’s decision and authorization to the Board adopted as Articles 7.10 in the articles of association.
…

Vis børsmeldingen

The authorization from the extraordinary general meeting in February 2024 was for a total of 2,000,000 share options (corresponding to nominally DKK 500,000).

A total of 2,000,000 share options have been issued to Lars Boilesen for the subscription of up to 2,000,000 shares of a nominal value of DKK 0.25 each at an exercise price of NOK 17.21 per share determined by the Board of Directors to be the fair market value based on the average VWAP (volume-weighted average price) across the last five trading days on the OSE Stock Exchange from February 16, 2024, to February 22, 2024.

These share options are subject to the Napatech Share Option and Incentive Program 2024 and shall be exercised as follows:

• 500,000 must be exercised by 31 January 2030.
• 500,000 must be exercised by 31 January 2031.
• 500,000 must be exercised by 31 January 2032.
• 500,000 must be exercised by 31 January 2033.

Furthermore, the share options are subject to a three-year lock-up as of the date of grant, where the options and the shares subscribed through the exercise of the options cannot be transferred or assigned, except in specific limited circumstances as set out in Articles 7.10 in the articles of association.

After the issue, Lars Boilesen holds a total of 2,272,306 share options and 512,564 shares in the company.

For more information, please contact:

Heine Thorsgaard, CFO
E-mail: htg@napatech.com

Kilde

TekBot februar 28, 2024, 7:00am #254

Napatech A/S: Resultater for fjerde kvartal 2023

(København, 28. februar 2024) Napatech A/S («Napatech», OSE: NAPA) rapporterte driftsinntekter på DKK 58.1 millioner i fjerde kvartal 2023, en økning på 71% fra DKK 33,9 millioner i fjerde kvartal 2022. Selskapets EBITDA endte på DKK 8.0 millioner (-4,2 millioner i fjerde kvartal 2022). Napatech forventer 170-180 millioner i driftsinntekter i 2024, og har en målsetting om 4-6 design wins som vil gi et årlig potensial på 30-40,000 enheter i toppårene.

– Vi er glade for å levere finansielle resultater i tråd med utsiktene for året, samtidig som vi har bygget en solid plattform for transformerende vekst. Plattformen er forankret i leveranser av programmerbare NICs til våre gode kunder, utvidelse av vårt tilbud mot segmenter med høy vekst og utvikling av et robust økosystem som utvider markedstilbudet vårt, sier Lars Boilesen, administrerende direktør i Napatech, og fortsetter:
…

Vis børsmeldingen

En viktig del av implementeringen av strategien vår er partnerskapet med Intel, som drar nytte av Intels posisjon i markedet knyttet til FPGA-baserte SmartNICs og IPUer. Partnerskapet har utviklet seg på en god måte og fortsetter å utvides, hvor de første kundeleveransene ble gjort desember 2023.

Napatech er en global leder innen FPGA-baserte SmartNICs og IPUer rettet mot høyhastighetsløsninger for skyen, mobil, telekommunikasjon og store virksomheter, med en målsetning om å plassere en SmartNIC i alle servere som krever raskere applikasjoner, bedre nettverksfunksjonalitet og mer effektive sikkerhetsløsninger.

Napatech rapporterte driftsinntekter på DKK 182.7 millioner i 2023, en vekst på 15 prosent fra DKK 158.6 millioner i 2022, med en EBITDA* på DKK -0,4 millioner (-20,1). Netto kontantstrøm fra driften endte på DKK -6,8 millioner (-24,0) for året. Ved utgangen av 2023 hadde Napatech en kontantbeholdning på DKK 42,4 millioner (12,0).

Selskapets utsikter for 2024:

Driftsinntekter i intervallet DKK 170–180 millioner

Bruttomargin på 69-71 prosent

Personalkostnader og andre eksterne kostnader i intervallet DKK 145-155 millioner

Personalkostnader overført til kapitaliserte utviklingskostnader i intervallet DKK 10-15 millioner

Med resultater i midten av intervallene, vil EBITDA være DKK -15,0 millioner i 2024.

– Napatech starter 2024 som et selskap med en sterk posisjon. Vi kommer fra et år hvor vi fokuserte på akselerering av våre investeringer i IPUer for å åpne nye markedsmuligheter. I år vil vi fokusere på design wins. Vi erkjenner at bransjen vår har lange sykluser, men arbeidet vårt har imidlertid så langt gitt positive resultater. Det åpner en rekke transformerende muligheter i segmenter med høy vekst, sier Boilesen.

Napatech har i 2024 som mål å oppnå 4-6 design wins med et totalt årlig potensial på 30-40,000 enheter i toppårene.

For ytterligere informasjon, vennligst se den vedlagte rapporten for fjerde kvartal 2023.

Napatech avholder en presentasjon av rapporten for fjerde kvartal 2023 og en telefonkonferanse i dag klokken 09:00 (CET). Presentasjonen vil bli holdt av administrerende direktør Lars Boilesen og finansdirektør Heine Thorsgaard.

Presentasjonen vil bli strømmet på:

webinar.net

Oppkoblingsdetaljer for telefonkonferansen er:

DK: +45 89 87 50 45
NO: +47 81 50 33 08
US: +1 646 664 1960
UK: +44 20 3936 2999

Deltakerkode: 396571

*EBITDA og andre alternative resultatmål (APMer) er definert på side 3 i den vedlagte rapporten for fjerde kvartal 2023.

For ytterligere informasjon, vennligst kontakt:

Heine Thorsgaard, finansdirektør
Telefon: +45 4596 1500
E-post: htg@napatech.com

Mediehenvendelser:
Geir Bjørlo, Corporate Communications AS
Telefon: +47 915 40 000
E-post: geir.bjorlo@corpcom.no

Denne informasjonen er å betrakte som innsideinformasjon i henhold til EUs markedsmisbruksforordning, og er underlagt kravene til offentliggjøring etter § 5-12 i norsk Lov om verdipapirhandel. Børsmeldingen ble publisert av Heine Thorsgaard, finansdirektør i Napatech A/S, den 28. februar 2024 klokken 08.00.

Kilde

1 Like

TekBot februar 28, 2024, 7:00am #255

Napatech A/S: Q4 2023 Financial Results

(Copenhagen, 28 February 2024) Napatech A/S (“Napatech”, OSE: NAPA) reported revenues of DKK 58.1 million in the fourth quarter of 2023, an increase of 71% from 33.9 million in the fourth quarter of 2022. The company’s EBITDA came in at DKK 8.0 million (-4.2 million in the fourth quarter of 2022). Napatech expects revenues of DKK 170-180 million in 2024, targeting 4-6 design wins with a total annual unit potential of 30-40,000 at peak years.

“We are pleased to deliver financial results within our outlook for the year in parallel to building a solid platform for transformational growth. This platform is anchored in deliveries of programmable NICs to our valuable customers, expansion of our offering targeting high-growth segments and development of a robust ecosystem that extends our go-to-market reach,” says Lars Boilesen, CEO of Napatech, and continues.
…

Vis børsmeldingen

“An important part of our strategy execution is our partnership with Intel, which leverages Intel’s market-maker position behind FPGA-based SmartNICs and IPUs. The partnership is progressing well and continues to expand, with first customer orders accepted in December 2023”.

Napatech is a global leader of FPGA-based SmartNICs and IPUs focused on high-speed solutions for cloud, mobile, telecom and enterprises with a goal of putting a SmartNIC in every server requiring faster applications, better networking and more effective security.

Napatech reported revenues of DKK 182.7 million in 2023, representing a growth of 15% from DKK 158.6 million in 2022, with an EBITDA* of DKK -0.4 million (-20.1). The net cash flow from operating activities ended at DKK -6.8 million (-24.0) for the year. At the end of 2023, Napatech had cash and cash equivalents of DKK 42.4 million (12.0).

The company provides an outlook for 2024:

Revenue in the range of DKK 170 – 180 million

Gross margin 69-71%

Staff expenses and other external costs in the range of DKK 145-155 million

Staff costs transferred to capitalized development costs DKK 10-15 million

With performance in the middle of the guided ranges, EBITDA would be negative DKK 15.0 million in 2024.

“Napatech starts 2024 in a position of strength. Coming from a year where we focused on acceleration of our investment in IPUs to unlock access to new market opportunities, this year will be focused on winning new design wins. We recognize that our industry has long design win cycles, but our work so far has displayed positive results and unlocked a transformational pipeline of opportunities into new high-growth segments,” Boilesen says.

In 2024, Napatech targets 4-6 IPU design wins with a total annual unit potential of 30-40,000 units at peak years.

For more information, please see the attached report for the fourth quarter of 2023.

Napatech will host a webcast presentation and a conference call of its
fourth quarter 2023 report today at 09:00 (CET). The presentation will be given by Lars Boilesen (CEO) and Heine Thorsgaard (CFO).

The presentation will be delivered by webcast on:

webinar.net

Dial-in details for the conference call are:

DK: +45 89 87 50 45
NO: +47 81 50 33 08
US: +1 646 664 1960
UK: +44 20 3936 2999

Participant Access Code: 396571

*EBITDA and other alternative performance measures (APMs) are defined on page 3 in the attached report for the fourth quarter of 2023.

For additional information, please contact:

Heine Thorsgaard, Chief Financial Officer
Phone: +45 4596 1500
E-mail: htg@napatech.com

Media inquiries:
Geir Bjørlo, Corporate Communications AS
Telephone: +47 915 40 000
E-mail: geir.bjorlo@corpcom.no

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Heine Thorsgaard, CFO, Napatech A/S, on 28 February 2024 at 08:00 CET.

Kilde

TekBot februar 28, 2024, 4:35pm #256

Share capital increase from the exercise of warrants

COPENHAGEN, Denmark, February 28, 2024 – Napatech (OSLO: NAPA.OL) today reports that it will increase its share capital by 26,875.00 shares as a consequence of the exercise of warrants as part of Napatech’s incentive program.

The shares are subscribed in cash at the following price per share of nominally DKK 0,25:
…

Vis børsmeldingen

• Nom. DKK 25,000 shares at NOK 150,000.00 (corresponding to DKK 98,670.00), and
• Nom. DKK 1,875 shares at NOK 33,750.00 (corresponding to DKK 22,143.38).

The new shares are ordinary shares without any special rights and are freely transferable negotiable instruments. The new shares give rights to dividends and other rights in relation to the company as of subscription. The new shares will be listed on the Oslo Stock Exchange after registration with the Danish Business Authority.

The capital increase is carried out without any pre-emption rights for existing shareholders or others and is expected to be carried out shortly.

Pursuant to Section 32 of the Danish Capital Markets Act No. 41 of January 13, 2023, it is hereby announced that the total nominal value of Napatech A/S’ share capital after the capital increase is 22,570,800.00, which is made up of 90,283,200.00 shares of a nominal value of DKK 0,25 each, corresponding to 90,283,200.00 votes.

For more information, please contact:

Heine Thorsgaard, CFO
Phone: +45 4596 1500
E-mail: htg@napatech.com

Kilde

TekBot mars 8, 2024, 3:32pm #257

Napatech A/S: Issue of Share Options

COPENHAGEN, Denmark, March 08, 2024 – Napatech (OSLO: NAPA.OL) today announced that the Board of Directors of Napatech A/S has decided to issue share options to members of the Board of Directors.

The Board’s decision was made on March 8, 2024, in accordance with the 2022 and 2023 annual general meetings’ decision and authorization to the Board adopted as Article 7.8 in the articles of association.
…

Vis børsmeldingen

The authorization from the annual general meeting was for a total of 480,000 share options (corresponding to nominally DKK 120,000) to members of the Board of Directors, of which 365,494 share options were previously issued on June 29, 2022.

In accordance with the 2023 annual general meeting’s decision and the remuneration policy, a total of 114,506 share options have been issued to members of the Board of Directors for the subscription of up to 114,506 shares of a nominal value of DKK 0.25 each at an exercise price of DKK 0.25 per share:

• Lars Boilesen, as Chairman of the Board of Directors in the period until January 22, 2024, will receive 61,582 share options and holds after this, a total of 2,333,888 share options and 512,564 shares in the company.
• Howard Gregory Bubb, member of the Board of Directors, will receive 17,980 share options and holds after this, a total of 64,574 share options and 101,093 shares in the company.
• Thomas Embla Bonnerud, member of the Board of Directors, will receive 16,964 share options and holds after this, a total of 63,558 share options and nil shares in the company.
• Anna Beth Topolovsky, member of the Board of Directors, will receive 17,980 share options and holds after this, a total of 17,980 share options and nil shares in the company.

All share options issued to members of the Board of Directors on March 8, 2024, shall be exercised by 30 April 2026 and are subject to the correspondingly updated Napatech Share Option Program 2022 for the Board of Directors, which is attached to the articles of association.

For more information, please contact:

Heine Thorsgaard, CFO
E-mail: htg@napatech.com

Kilde

TekBot mars 21, 2024, 4:30pm #258

Napatech A/S: Annual Report 2023

1 Like

TekBot april 3, 2024, 6:35pm #259

Napatech A/S: Notice for Annual General Meeting 2024 of Napatech A/S

TekBot april 12, 2024, 3:44pm #260

Financial calendar

TekBot april 17, 2024, 12:48pm #261

Napatech A/S: Announcement of candidates to the board of directors

In the company announcement no. 614988 dated 3 April 2024, Napatech gave notice to the annual general meeting (“AGM”) of Napatech.

With respect to item 6 on the agenda of the AGM, it was noted in the AGM notice that considerations regarding the composition of the board of directors were ongoing.
…

Vis børsmeldingen

Napatech can today announce their recommendations for candidates to the board of directors, which may be found in the attached supplement to the AGM notice. In the supplement, information on the candidates’ background, qualifications and other managerial positions in other undertakings may also be found.

Attached is also an addendum for the proxy and postal voting forms enabling shareholders to vote for the recommended candidates for the board of directors.

For more information, please contact:

Heine Thorsgaard, CFO
E-mail: htg@napatech.com

Kilde

TekBot april 18, 2024, 1:30pm #262

Napatech Expands IPU Portfolio with 400GbE Solution Powered by Altera and Intel

2 Likes

TekBot april 25, 2024, 1:01pm #263

Napatech A/S: Minutes from Annual General Meeting 2024

TekBot mai 2, 2024, 5:01am #264

Napatech A/S: Business Update and Preliminary Results Q1 2024

(Copenhagen, 2 May 2024) Napatech A/S (“Napatech”, OSE: NAPA) today provided an update on their business, including: an increase to design win pipeline guidance, reaffirming CY 2024 financial guidance, and preliminary results for Q1 2024.

On April 18 Napatech announced a collaboration with Altera, an Intel company, on the detailed specifications of the Hot Springs Canyon architecture and initial product designs that were developed in partnership with a tier-1, global server OEM that continues to lead in enterprise and cloud data center deployments.
…

Vis børsmeldingen

As a result of these partnerships, the full potential is at the largest end of the spectrum for transformational growth that Napatech envisioned. At peak annual volumes, this single opportunity alone has the potential to transform Napatech’s long-term revenue and profits. Consequently, we are maintaining our target of 4-6 design wins, while increasing our guidance from 30,000-40,000 units to 50,000-60,000 units in peak annual production years.

The collaboration develops new programmable NIC hardware and software solutions based on an architecture that promises to enable an innovative approach to powering modern public cloud, private cloud, edge, and enterprise data centers built for the AI era. The new solution is purpose-built for the highest growth and largest volume applications, services and use cases for Programmable NICs. These include modern cloud and edge computing applications and services, artificial intelligence infrastructure, disaggregated storage, big data analytics, cybersecurity, 5G mobile infrastructure, and microservices.

The product is packed with the latest technology from the semiconductor vendor and designed with optimizations to meet the exact requirements of the server manufacturer. The collaboration is anchored by agreements, associated statements of work that define the product specifications, and professional services fees from both companies to Napatech. The collaboration includes these significant contributions, reflecting the shared commitment required to expedite the underlying engineering to deliver products in the second half of 2024.

Additionally, Napatech’s financial outlook for 2024 remains unchanged:

Revenue in the range of DKK 170 – 180 million

Gross margin 69-71%

Staff expenses and other external costs in the range of DKK 145-155 million

Staff costs transferred to capitalized development costs DKK 10-15 million

With performance in the middle of the guided ranges, EBITDA would be negative DKK 15.0 million in 2024.

Preliminary Q1 2024 financial results included revenues of DKK 21.5 million in the 37.1 million in the first quarter of 2023) and an EBITDA of DKK -24.3 million (-12.8). The free cash flow in the first quarter of 2024 ended at DKK -6.4 million (17.2). At the end of the first quarter, Napatech had cash and cash equivalents of DKK 27.5 million (12.3). 1Q 2024 was expected to be a slower than normal start to the year primarily because one of our largest customers’ continuing inventory correction to deplete a covid-driven safety stock that is expected to be completed through h1H 2024. In addition, March order flow was unexpectedly slow, driven by one large order deferred to Q2 2024. The full Q1 reporting will take place on May 16, 2024.

For additional information, please contact:

Lars Boilesen, CEO
Phone: +45 45961500
E-mail: larsb@napatech.com

Or

Heine Thorsgaard, CFO
Phone: +45 4596 1500
E-mail: htg@napatech.com

This information is inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde