IQE plc (IQE.L), a British semiconductor company, on Tuesday reported loss in the first half of the year compared with the previous year.
For the first half of the year, adjusted loss before income tax widened to 15.99 million pounds from 8.97 million pounds in the prior year.
Loss per share was 2.69 pence from 1.57 pence last year.
Adjusted loss before tax widened to 12.9 million pounds from 7.2 million pounds in the same period last year.
Adjusted loss per share was 1.60 pence versus 1.05 pence last year.
Adjusted EBITDA loss came in at 384 million pounds from 6.61 million pounds in the prior year.
Operating loss came in at 23.45 million pounds from 12.14 million pounds in the prior year.
Revenue increased to 45.25 million pounds from 66.02 million pounds in the previous year.
Further, the company reiterated its full-year 2025 revenue forecast of 90 million pounds to 100 million pounds.
The adjusted EBITDA is expected to be between a loss of 5 million pounds and a profit of 2 million pounds.
IQE is currently trading is 0.26% higher at 7.81 pence on the London Stock Exchange.
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