The change from last year is due to a lower average selling price on liquid cooling products, resulting from a recent shift in the market toward increased demand of more affordable gaming PC'
The Liquid Cooling business is on track as the volume impact from two OEMs moving to dual sourcing is already offset by increased demand from all other customers, showing that the demand for Asetek's quality products is intact.
It's too early to say what the long-term impact of the import tariffs will be.
In the quarter, total operating expenses were $6.1 million, a 9% decrease from the same period in the previous year.
Net proceeds from the equity rights offering were $10.4 million and were used to strengthen the Company's financial position and enable continued investments in the SimSports segment.
The total assets were $83.3 million and the total equity was $50.9 million at the end of the year.
There are operations.
In the first quarter, the Company shipped more sealed loop coolers than in the first quarter of the previous year.
The launch of the Next-Gen collection of SimSports offerings, a dynamic range of options, and the re-launch of its Invicta pedals were all announced in March.
An indication of interest in Asetek's Liquid Cooling business has increased, and discussions are taking place with multiple parties related to a potential partnership focused
There are US taxes.
The U.S. administration has introduced a baseline 10% import tariffs on goods from all countries, and higher tariffs for selected countries, most significantly on products made in China.
The projected costs for the year 2025.
The SimSports business segment's revenue is expected to be in the range of $5 to $10 million, with the previously communicated gross margin expected to decrease to 32%.
The guidance for the Liquid Cooling segment remains the same, based on discussions with the majority of the Company's key Liquid Cooling customers who have confirmed that no changes are being made to their purchasing plans.
The group's revenue is expected to be in the range of 45 to 53 million, compared to the previous guidance of 52 to $58 million.
The impact of tariffs implemented to date by the U.S. government on imports from other countries is reflected in the adjusted outlook.
The majority of the Company's production is based in China and Malaysia.
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About Asetek.
Asetek was founded in 2000 and is a developer and manufacturer of high-quality gaming hardware.
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There is a soft start to the year for simulation sports.
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The revenue outlook for the SimSports segment has been updated.
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