Post by
Duster340 on Mar 27, 2023 9:59am
Reminder - Outlook
the Company continues to face challenges brought about by macroeconomic environment, shortages in materials and increased material costs due to supply chain challenges and chipset shortages. These factors are expected to continue to cause delays in both the production and the delivery of our products as well as push-outs of orders from customers. We had expected that these disruptions would begin to ease over the second half of 2022, but now anticipate that they will continue into the first half of 2023. The ongoing war in Ukraine could continue to exacerbate supply chain disruptions. As a result of these continuing challenges, we expect 2023 to be somewhat consistent with 2022 results for revenue and Adjusted EBITDA in spite of the growth in the Company's backlog of purchase orders and improving margins.