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@ Asetek Asetek - Q3 2021 : Soft Q3 as Expected - Long - term Growth Ambitions Remain Firm • • • • Nine - month revenue of $ 61.7 million ( + 37 % ) and EBITDA adjusted of $ 6.5 million Q3 revenue of $ 13.5 million compared with $ 21.6 million in Q3 2020 ; Q3 gross margin of 39 % compared with 47 % in prior year Q3 EBITDA adjusted of negative $ 1.4 million , compared with $ 5.4 million in Q3 2020 • Results are consistent with update provided on September 22 • One - time charge of $ 1.7 million in operating expense for exit of the HPC data center niche • • Opening of orders for SimSports products in Q4 , with R & D investment of $ 0.8 million in Q3 Asetek technology incorporated in first AIO liquid cooling solutions from global gaming leader Razer Expectation for 2021 Group revenue growth of 10 20 % maintained , current revenue outlook trending toward the lower end of the range Asetek reported third - quarter revenue of $ 13.5 million , compared with $ 21.6 million in the same period of 2020. Revenue in the first nine months was $ 61.7 million , representing growth of 37 % compared with the same period of 2020. The changes from prior year mainly reflect fluctuation in the volume of shipments of Gaming and Enthusiast products , impacted by several factors : A global shortage of chips , particularly GPUs , has suppressed demand for Asetek's coolers . Disruption in global shipping and logistics has delayed customer shipments . Manufacturing schedules and component deliveries from suppliers have been hindered by a global component shortage , power outages and COVID - related factory shutdowns in the Tongan District in China . In order to maximize the future profitability of its Data center business , the Company announced that it is exiting the High - Performance Computing ( HPC ) niche . Asetek plans to prioritize the general data center market and support legislation increasing adoption of its sustainable solutions , capitalizing on its liquid cooling technology and long - term investments in the segment . Asetek recorded a one - time charge of $ 1.7 million to operating expense in Q3 2021 following this strategic change . Gross margin was 39 % for the third quarter and 42 % in the first nine months , compared with 47 % and 49 % in the respective periods of 2020. The margin decline reflects increases in certain component costs due to the ongoing global component shortage , higher shipping costs , a change in the mix of product shipments and a weaker U.S. dollar . " We are set to deliver record revenue in 2021 as gamers invest more in hardware and immersive experiences enabled by Asetek liquid cooling technology . Our long - term revenue ambition of 15 % average annual growth through 2025 remain firm despite current shut - downs , component shortages and shipping bottle - necks affecting global supply chains and our short- term growth and cost base , ” said André Sloth Eriksen , CEO and founder of Asetek . " Our