VIA Optronics AG (NYSE:VIAO) Q3 2022 Earnings Conference Call November 23, 2022 6:30 AM ET

Company Participants

Sam Cohen - Associate, Alpha IR

Jurgen Eichner - CEO and Founder

Markus Peters - CFO

Conference Call Participants

Anthony Stoss - Craig-Hallum

Operator

Welcome to VIA Optronics Preliminary Third Quarter 2022 Earnings Conference Call and webcast. At this time all participant lines are in listen-only mode. So those of you participating on the conference call, there will be an opportunity for your questions at the end of today's prepared comments. Please note this conference is being recorded, an audio replay of the conference call will be available on the company's website within a few hours after this call.

I would now like to turn the call over to Sam Cohen, with Alpha IR Investor Relations.

Sam Cohen

Thank you, and welcome. Joining me today are Jurgen Eichner, Founder and Chief Executive Officer; and Dr. Markus Peters, Chief Financial Officer.

I'd like to remind everyone that statements made during this conference call relating to the company's expected future performance, future business prospects or future events or plans may include forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Participants are directed to VIA Optronics Form 20-F for a description of certain business risks, some of which may be outside the control of the company that may cause actual results to materially differ from those expressed in the forward-looking statements.

We expressly disclaim any duty to provide updates to our forward-looking statements whether as a result of new information, future events or otherwise. Our earnings release for the preliminary third quarter of 2022 results is posted on the company's website at via-optronics.com.

With that, let me now turn the call over to Jurgen for a few opening remarks.

Jurgen Eichner

Yes. Thank you, Sam. Good morning, and thank you all for joining us today. We are delighted to report record quarterly revenue, which exemplifies the strong demand we are seeing across all of our end markets. We grew top line revenue by 27.3% with 39.2% growth in our Display Solutions segment, driven by growth in the automotive market as well as in the industrial area.

In the third quarter, we benefited from increased production output at our Nuremberg headquarters and increased demand and order volume for the automotive and industrial end markets. We continue to expect increased adoption of our innovative and cutting-edge displays as both automotive and industrial vehicles demand are more robust. Sunlight readable, weather resistant displays, camera and sensing as well interior vivid and crisp optical solutions are needed.