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AEM guides for FY2022 revenue to range from $670 mil to $720 mil

Felicia Tan
Felicia Tan1/11/2022 5:29 PM GMT+08  • 1 min read
AEM guides for FY2022 revenue to range from $670 mil to $720 mil
During the day, shares in AEM reached a two-week high of $5.275, surging some 5.71% from its last-closed price of $4.99.
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AEM Holdings has announced that it expects its revenue for the FY2022 to range from $670 million to $720 million.

Its capital expenditure (capex) is also estimated to be around $10 million for the same period.

The group adds that it expects to report some “margin compression” due to higher supply chain costs and an increase in research and development (R&D) spend as they “engage customers on new projects”.

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