u-blox Holding AG (UBXN.SW) Wednesday reported revenue of CHF 123.4 million for the first half, 32.4% higher than CHF 93.8 million in the same period a year ago, driven by strong performance in Locate and Short-range.
Excluding one-time items, adjusted earnings before interest and taxes or adjusted EBIT was a loss of CHF 6.6 million lower than CHF 23.6 million loss last year. EBIT on an IFRS basis was a loss of CHF 7.7 million.
Cash EBIT was CHF 2.9 million compared with loss of CHF 26 million a year ago.
For the third quarter, the company expects revenue to be in the range of CHF 60 million - CHF 70 million, 11% up at constant FX rates.
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