Mips AB (STU:7M1)

€ 40.62 -0.04 (-0.1%) Market Cap: 1.08 Bil Enterprise Value: 1.06 Bil PE Ratio: 119.75 PB Ratio: 21.33 GF Score: 94/100

Q3 2019 MIPS AB Earnings Call Transcript

Nov 08, 2019 / 09:00AM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the MIPS Third Quarter Report 2019.

Today, I'm pleased to present CEO, Max Strandwitz. (Operator Instructions)

Speaker, please begin.

Max Strandwitz;publ;CEO;President

MIPS AB

()-&

Good morning, everyone. My name is Max Strandwitz, and I am the CEO of MIPS. I will take you through the results presentation of the third quarter. So first, if we start with the highlights of the third quarter. We do see an increased interest in the MIPS technology across all geographies and across all categories. We, too, have some very interesting German customers implementing the MIPS technology during the quarter, which is an important factor for us for our accelerated growth in Europe. And for the ones that has follow us, Germany has been a bit of a white spot for us. So we are very pleased to see that we also gaining ground on the German market.

We did see soft volumes in the quarter. Due to the trade, there is implementation between U.S. and China. And also, as we

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