VIA optronics Reports Preliminary Unaudited Fourth Quarter 2020 Financial Results

VIA optronics AG (NYSE: VIAO) (“VIA” or “the Company”), a leading supplier of enhanced display solutions, today announced certain preliminary unaudited financial results for the three months and year ended December 31, 2020.

VIA anticipates fourth quarter 2020 total revenue to be in the range of €43 million to €45 million, or an increase of 22% at the midpoint, compared to €36 million in the fourth quarter of 2019, and ahead of previously issued guidance of €37 million to €40 million. For the full year 2020, total revenue is expected to be in the range of €151 to €153 million, reflecting year over year growth of 11% at the midpoint. Driven by investments in research and development to address increasing growth opportunities, the Company expects fourth quarter 2020 EBITDA to be in the range of €(0.8) million to €(1.2) million.

“We are pleased with our strong revenue performance in 2020 and very proud of how our team executed despite challenges from the COVID-19 pandemic,” said Jürgen Eichner, CEO & Founder of VIA. “Our performance exceeded our expectations due to increased demand for our products and solutions in the automotive market, particularly related to electric vehicle programs. We are excited about the growth opportunities ahead of us, most notably in the automotive and industrial end-markets, and we are increasing our investments in research and development to meet the growing demand for VIA's tailored solutions. We look forward to sharing further details of our fourth quarter and full year 2020 results on our earnings conference call on March 11th.”

These preliminary financial results are inherently uncertain and subject to revision in connection with the finalization of the Company’s financial statements for its quarter and full year ended December 31, 2020.

VIA plans to release its complete financial results for the fourth quarter and full year 2020 before the opening of the US financial markets on Thursday, March 11, 2021. VIA will host a conference call to discuss its results and will provide a corporate update at 2:30 p.m. Central European Time / 8:30 a.m. Eastern Time the same day. The dial-in numbers for the call are [phone] (USA), [phone] (UK), or [phone] (Germany). Please ask to be connected to the VIA optronics AG call.