Mips AB (publ)

LSE:0RNQ.LConsumer Cyclical

——At close · Market cap — · Next earnings Wed 21 Oct

SEK millions	FY2019	FY2020	FY2021	FY2022	FY2023	FY2025	YoY
Revenue	268.0	365.0	608.0	563.0	357.0	533.0	+49.3%
Cost of revenue	69.0	99.0	163.0	157.0	104.0	142.0	+36.5%
Gross profit	199.0	266.0	445.0	406.0	253.0	391.0	+54.5%
Research & development	15.0	18.0	24.0	26.0	35.0	41.0	+17.1%
Selling, general & administrative	66.0	77.0	105.0	132.0	133.0	187.0	+40.6%
Selling & marketing	35.0	42.0	57.0	75.0	74.0	83.0	+12.2%
Operating expenses	91.0	100.0	117.0	182.0	183.0	235.0	+28.4%
Operating income	118.0	171.0	316.0	249.0	70.0	156.0	+122.9%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	—
Interest income	1.0	1.0	0.0	1.0	1.0	0.0	−100.0%
Other income / expense	(9.0)	(2.0)	2.0	(6.0)	14.0	2.0	−85.7%
Pre-tax income	109.0	165.0	328.0	223.0	84.0	158.0	+88.1%
Income tax	24.0	36.0	73.0	48.0	20.0	38.0	+90.0%
Net income	85.0	129.0	255.0	175.0	64.0	120.0	+87.5%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	3.28	4.93	9.64	6.63	2.42	4.53	+87.2%
EPS, diluted (per share)	3.29	4.93	9.62	6.63	2.42	4.53	+87.2%
EBITDA	123.0	180.0	325.0	261.0	97.0	186.0	+91.8%
Depreciation & amortization	5.0	9.0	9.0	12.0	13.0	13.0	+0.0%
Weighted average shares (shares)	25,914,642	26,166,328	26,452,284	26,395,173	26,446,280	26,491,124	+0.2%
Weighted average diluted shares (shares)	25,837,404	26,167,786	26,495,633	26,411,214	26,397,552	26,497,089	+0.4%
Gross margin	74.3%	72.9%	73.2%	72.1%	70.9%	73.4%	+2.5 pts
Operating margin	44.0%	46.8%	52.0%	44.2%	19.6%	29.3%	+9.7 pts
Net margin	31.7%	35.3%	41.9%	31.1%	17.9%	22.5%	+4.6 pts

SEK millionsUpdated Tue 31 Mar ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.