IQE FY revenues and capex seen in line with previous guidance
IQE
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15:19 15/11/24
Compound semiconductor wafer products supplier IQE said on Tuesday that full-year revenues and capex were both expected to be in line with previous guidance.
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IQE stated revenue for the year ended 31 December was projected to be in line with guidance of roughly £164.0m issued back in November, while the group's cash capex spend for the year was expected to be roughly £14.0m-17m, resulting in a net debt position of about £6.0m.
The AIM-listed firm will report its full-year financial results on 29 March.
Chief executive Americo Lemos said: "Having joined the business in January I am pleased we have delivered revenues in line with our November 2021 trading update. I have been very impressed by the calibre and commitment of the colleagues I have met during my first weeks with IQE as well as the quality of our world-leading innovation.
"I am very excited about the potential growth associated with macro technology trends and IQE's position at the heart of these future products."