Asetek is a Danish company known for its PC cooling solutions. If this name doesn’t ring a bell, you should know that they provide all-in-one watercooling kits to many brands. For example, the new Glacier One T30 v2 from Phanteks are based on Asetek kits, as well as Asus and its Ryuo III for example.
In short, the real information behind all this is the announcement of the financial results. Like many companies in the field, these have seriously dropped at the end of 2022!
Asetek, a drop in revenue of -47% in 2022!
If we look at the financial results of the company, clearly, in the fourth quarter of 2022, they are down. The Danish brand announced a drop in revenue of about -47% compared to 2021. The latter having gone from $18.1 million at the end of 2021 to $9.5 million at the end of 2022.
In addition, the company is posting operating losses of $5.4 million. It must be said that Asetek has invested in a new headquarters, not to mention the costs of developing new solutions.
Despite these results, the company remains optimistic as it indicates that the current climate is stabilizing. In addition, it says it has new products in the pipeline to be launched this year. This should allow it to capture growth in the range of 5% to 15% compared to 2022. With this, the company forecasts operating profits of between $2 and $4 million.
