Due to supply chain impacts and customer deferrals, certain deliveries planned for 4Q21, at the end of the quarter, were delayed into 2022.Napatech is updating its 2021 annual revenue guidance to a range ofDKK 192-196 million , down fromDKK 210-230 million . Total demand was strong in 4Q21. The order intake in 4Q21 wasUSD 12.9 million up 42% compared to 4Q20. The order backlog at the end of 4Q21 was at a record level ofUSD 7.9 million , up fromUSD 2.4 million at the end of 4Q20. However, the supply chain impacts and customer deferrals limitedNapatech's ability to turn more orders into revenue, and the guidance for 2021 has been adjusted to reflect this. Despite 4Q21 results are lower than we aspired, the company remains committed and optimistic about the market potential in 2022 and beyond. WhenNapatech fully reports 4Q21 results scheduled onFebruary 24 , the company expects to publish FY2022 revenue guidance in the range of USDUSD 37-41 million . The adjusted outlook for 2021 is: - Revenue in the range ofDKK 192-196 million (previousDKK 210-230 million ) - Gross margin 70-72% (unchanged) - Staff expenses & Other external costs in the range ofDKK 125-135 million (unchanged) - Staff costs transferred to capitalized development costs in the range ofDKK 20-25 million (unchanged) - Depreciation and amortization in the range ofDKK 20-25 million (unchanged) For more information, please contact:Heine Thorsgaard , CFO Phone: +45 4596 1500 E-mail: htg@napatech.com
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