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Asetek has released its preliminary Q3 results and resumed 2022 financial guidance. The preliminary Q3 results are below our estimates. The resumed guidance is USD 50-52m revenue and USD 5-6m operating loss, which is below our expectations of USD 58m revenue and EBIT of USD -1.5m. We expect a significant cut to 2022 estimates. The company is set to release its full Q3 report on 3 November.
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