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Asetek – Q1 2025: Liquid cooling on track, soft start to year for SimSports

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Q1 2025 revenue of $9.8 million, compared with $12.2 million in Q1 2024Gross margin of 44%, level with Q1 2024Q1 adjusted EBITDA of ($306) thousand compared with ($37) thousand in Q1 2024SimSports revenue of $1.1 million, a decline from $2.2 million in Q1 2024, following soft demand after high year-end 2024 activityCompleted rights issue in January 2025 raising $10.4 million net proceeds to strengthen financial positionFull year 2025 outlook reduced due to lowered SimSport segment revenue expectations – Group revenue expected in the range of $45 to $53 million with adjusted EBITDA at 0% to 3%

AALBORG, Denmark, April 28, 2025 /PRNewswire/ — Asetek reported first-quarter revenue of $9.8 million, compared with $12.2 million in the same period of 2024. The change from last year reflects principally a lower average selling price on liquid cooling products, resulting from a recent shift in the market toward increased demand of more affordable gaming PC’s with value based liquid coolers. Gross margin was 44% for the first quarter, level with the same period of 2024.

“The Liquid Cooling business is on track as the volume impact from two OEMs moving to dual sourcing is already offset by increased demand from all other customers, showing that the demand for Asetek’s quality products is intact, despite customers moving to lower ASP products, with strong margins maintained. SimSports demand was soft during the quarter, reflecting the strong end to 2024, with several shipments delayed into late Q1 2025 due to global logistics challenges, as well as weaker consumer spending amid heightened macroeconomic uncertainties,” says André S. Eriksen, the CEO of Asetek.

“It is too early to predict the long-term impact of the import tariff scheme introduced by the U.S. in early April. The duties are industrywide and create uncertainties across the value chain from manufacturers to end-users. For now, it has effectively shut down the U.S. market for our sim racing equipment, while we, at least for now, experience more resilience in the Liquid Cooling segment. We focus on what we control and believe we have a good relative competitive position with a growing share of production outside China and a lowered cost base,” Eriksen continues.

Total operating expenses decreased 9% to $6.1 million in the quarter, from $6.7 million in the same period of 2024. Personnel costs declined by 12%, reflecting the ongoing rightsizing of the organization. Adjusted EBITDA was negative $306 thousand and operating loss was $1.8 million in the quarter, both compared with adjusted EBITDA of negative $37 thousand and operating loss of $1.4 million in the first quarter of 2024.

To strengthen the Company’s financial position and enable continued investments in the SimSports segment, Asetek completed an equity rights offering in early January, raising net proceeds of $10.4 million through the issuance of 219.9 million new common shares. In the quarter, over $3 million of the proceeds were used to settle accrued liabilities and debt.

At March 31, 2025, total assets were $83.3 million ($79.4 million at December 31, 2024) and total equity was $50.9 million ($41.1 million). Working capital at March 31 increased to $13.1 million ($4.4 million at December 31, 2024) including $9.0 million of cash and cash equivalents ($3.3 million).

OPERATIONS

In the first quarter, the Company shipped 171 thousand sealed loop coolers compared with 172 thousand in the first quarter of 2024. In the quarter, 5 new SimSports products and 11 new liquid cooling products began shipping. In the second quarter of 2025, about 10 new liquid cooling products are expected to begin shipping, as well as 4 new SimSports products.

In March, Asetek announced the launch of its Next-Gen collection of SimSports offerings, a dynamic range of options including new variants of its popular steering wheels, release of the Dished Suede Rim for enhanced steering control and grip, and re-launch of its Invicta pedals with an advanced hydraulic brake cylinder that replicates the sensation of a real race car. Products will be available for customers from the second quarter of 2025.

As previously communicated in the prospectus issued in connection with Asetek’s rights issue at the end of 2024, Asetek has received an indication of interest concerning its Liquid Cooling business. Such interest has increased in relevance, and discussions are taking place with multiple parties related to a potential partnership focused on utilization of the currently dormant data center related liquid cooling asset portfolio. Discussions are ongoing, and no agreements, terms or commitments have been entered into by the Company at this stage, and it is uncertain whether any formal agreements will materialize.

US TARIFFS

The U.S. administration announced a new baseline 10% import tariff on goods from all countries, along with higher reciprocal tariffs for selected countries, most significantly on products made in China. With limited exceptions, these broadly applied measures impact the entire value chain for Asetek and its industry peers.

EXPECTATIONS FOR 2025

On April 25, Asetek updated its revenue outlook for the SimSports segment for the full year 2025. Revenue for the SimSports business segment is now expected to be in the range of $5 to $10 million, with the previously communicated gross margin guidance of 30–35% expected to decrease to 28-33%. The prior revenue guidance for the SimSports segment indicated an expected revenue in the range of $12 to $15 million in 2025.

Guidance for the Liquid Cooling segment remains unchanged, based on present discussions with the majority of the Company’s key Liquid Cooling customers, who have confirmed that, at present, no changes are being made to their purchasing plans. Given the high level of uncertainty, Asetek remains committed to maintaining regular and proactive communication with all customers to promptly identify and implement any necessary measures should conditions change.

As a result, total group revenue for 2025 is now expected to be in the range of $45 to $53 million, compared to the previous guidance of $52 to $58 million. The Group’s adjusted EBITDA margin is now expected to be in the range of 0–3%, revised from the previous guidance of 3–5%.

The adjusted outlook mainly reflects the impact of tariffs implemented to date by the U.S. government on imports from other countries, most significantly related to products made in China. In 2024, approximately 50% of total revenue in the SimSports segment was derived from sales to the U.S. market. Due to the tariffs, Asetek has ceased all SimSports shipments to the U.S. as well as major U.S.-based consumer electronics retailers have ceased purchasing from China, which effectively means that, at present, no sales are being made to the U.S. market. The updated full-year revenue guidance for the SimSports business segment also reflects the above-mentioned soft start to 2025.

Asetek continues to focus on factors within its control. In 2024, approximately two-thirds of the Company’s production was based in China and one-third in Malaysia. The sim racing products are currently made in China while manufacturing of liquid coolers is split between both countries. In response to potential additional tariffs on Chinese goods, Asetek began expanding its production capacity in Malaysia late last year. This geographic diversification provides Asetek with a relative advantage over competitors with greater exposure to China-based manufacturing.

CONFERENCE CALL AND WEBCAST

CEO André Sloth Eriksen and CFO Peter Dam Madsen will present the Company’s results today at 1:30 pm CEST and invite investors, analysts and media to join the presentation. The presentation is expected to last up to one hour, including Q&A, and can be followed via live webcast or conference call.

Webcast – audio and slide presentation:

All participants wishing to join the webcast are required to pre-register using the following link:
https://events.q4inc.com/attendee/625030454

Registration must be completed before the event starts.

Q&A: questions can be submitted through the online webcast during the presentation.

The first quarter 2025 earnings release and presentation are available online at ir.asetek.com, as well as through news agencies. A recorded version of the presentation will be made available at ir.asetek.com shortly after the presentation has concluded.

For questions or further information, please contact:
Per Anders Nyman, Head of Investor Relations
+45 2566 6869
investor.relations@asetek.com

About Asetek

Asetek (ASTK), is a developer and manufacturer of high-quality gaming hardware. Founded in 2000, Asetek established its innovative position as the leading OEM developer and producer of the all-in-one liquid cooler for major PC & Enthusiast gaming brands. In 2021, Asetek introduced its line of products for next level immersive SimSports gaming experiences. Asetek is headquartered in Denmark and has operations in China and Taiwan.

This information was brought to you by Cision http://news.cision.com

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Tessa AI Launches Tessa Newslink, a Free Tool That Checks Health News Against the Research Behind It

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Readers paste a link to a health story, and Newslink finds the studies behind it and shows, claim by claim, what the science actually supports

TUCSON, Ariz., Oct. 21, 2026 /PRNewswire/ — Tessa AI, Inc. (formerly Siensmetrica, Inc.) today launched Tessa Newslink, a free web tool that checks the health and medical claims in a news story against the published research behind them. Readers paste the link to an article into Newslink at news.tessapp.ai and, typically within one to four minutes, receive a plain-language report showing which of the story’s claims the research supports, which it overstates, and which it doesn’t address at all.

Health claims reach the public through news stories, podcasts, social media, influencers and product marketing, and many of them point to real studies. But as a finding travels from a journal to a headline to a social post, the details that determine what it means are often lost along the way: how many people were studied, whether the study involved people or mice, and whether it showed cause and effect or only a correlation. Few readers have the time or training to track down the original paper and check.

“Most people never get past the headline, but that isn’t a character flaw. The research is hard to find and even harder to read,” said Marc Toth, CEO of Tessa AI. “Newslink does that legwork. It finds the study, reads it, and shows whether the story got it right, with links so anyone can check our work. We’re not asking people to trust an AI. We’re showing them the evidence.”

How Tessa Newslink works

Identifies the claims. Newslink reads the article and pulls out its key health and medical claims, noting how strongly each one is made.Finds the research. It searches PubMed, Europe PMC and Crossref for the studies the story relies on. When an article doesn’t name its source, Newslink looks for published research that closely matches the subject.Compares the two. It weighs what each study actually found against what the story says.Delivers a verdict. The story as a whole is rated Supported, Mostly Supported, Mostly Unsupported or Entirely Unsupported, with a green, yellow or red indicator that shows at a glance how well it holds up. Each claim is rated individually as Supported, Overstated, Unsupported, or Can’t Be Checked when the research doesn’t address it.

Every report links back to the original article, to each claim, to the research itself, and to Tessa’s Summary Analysis of each study, including its TScore, Tessa’s 0-to-100 rating of a study’s overall trustworthiness. Reports can be quickly shared to X, LinkedIn or Facebook, or by link through email and text.

Newslink is designed for anyone who reads health news, including the people who report it. Journalists, editors, clinicians and patient advocates can use it to see what a study did and didn’t show before they cover it, cite it or pass it along.

“Health misinformation isn’t kept behind a paywall, so the tools for checking it shouldn’t be either,” Toth said. “Making Newslink free was the whole point.”

Newslink runs on the same T.E.S. (Transparency, Explainability, and Significance) analysis engine as Tessa and Tessa Pro, which researchers, clinicians, peer reviewers and biopharma professionals have used to evaluate biomedical research since the platform’s public launch in May 2026. Newslink evaluates whether published research supports the claims in a story; it does not provide medical advice.

Availability
Tessa Newslink is available now at no cost at https://news.tessapp.ai. There’s no account, sign-in or daily limit: readers simply paste in the link to the story they want to check.

Tessa AI is also exploring partnerships with health, news and social media platforms interested in bringing Newslink’s claim checking to their audiences. Publishers and platforms can reach the company at partners@tessaai.co.

Tessa AI’s product team will also preview Newslink this week with attendees of DOC 2026: Longevity Science & Medical AI in Sonoma, Calif.

About Tessa AI, Inc.
Tessa AI, Inc. (formerly Siensmetrica, Inc.) develops Tessa, an AI-powered platform that evaluates the trustworthiness of biomedical and healthcare research. Built on the T.E.S. (Transparency, Explainability, and Significance) framework, Tessa uses coordinated, specialized AI agents to assess a paper’s methodology, citations, reporting completeness, and risk of bias, and shows the evidence behind every score. The company’s products, including Tessa, Tessa Pro, and the free Tessa Newslink, support scientific research across its full lifecycle, from evaluating published studies to checking how they’re reported to the public. Learn more at www.tessaai.co.

Media contact:
Sage Osterfeld, CMO
425295@email4pr.com 
+1 (760) 593-7243

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SOURCE Tessa AI, Inc.

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SKG Wins Three Global Travel Retail Awards, Showcasing Technology for Modern Travel and Expanding Global Presence

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PARIS, Oct. 21, 2026 /PRNewswire/ — Chinese health technology brand SKG has received three honors at the Global Travel Retail Awards 2026, with its G7 Pro Fold Neck Massager winning both “Best Technology Product” and “Best Travel Accessory,” while the W9 Ultra Waist Massager earned “Best Travel Exclusive Product.” Notably, “Best Technology Product” and “Best Travel Exclusive Product” were introduced for the first time in 2026, making SKG the inaugural winner in both categories. https://www.skg.com/?utm_source=media_name&utm_medium=pr&utm_campaign=product_launch_2026

The Global Travel Retail Awards is the only consumer-voted award in the global duty-free and travel retail industry. 80% of the final score comes from 5,000 international travelers selected from research agency m1nd-set’s traveler database, while a panel of travel content creators determines the remaining 20% following a three-day hands-on evaluation in London. This year’s winners also included internationally recognized brands such as Marc Jacobs and Clarins.

Under the awards program’s long-standing practice, both winning SKG products will enter global travel retail channels carrying the “Voted by Shoppers” designation, a mark that organizers say can significantly enhance consumer purchase intent.

Technology for Travel Wellness

The recognition comes as global air travel continues to recover and long-haul journeys, multi-stop itineraries, and intensive business travel become increasingly common. As travelers pay greater attention to managing neck, shoulder, and lower-back discomfort on the move, wearable wellness devices are becoming a regular part of carry-on essentials.

Designed to address these real-world travel needs, the G7 Pro Fold combines a 180-degree foldable structure with a lightweight 278-gram design, making it easy to pack and carry. The device integrates pulse stimulation, physical vibration, heat therapy, and dual-spectrum photothermal technology to provide a comprehensive relaxation experience during travel.

The award-winning W9 Ultra features multiple independently driven massage heads capable of simulating kneading, pinching, pressing, and other massage techniques across different body zones. Combining medium-frequency pulse technology with surround photothermal therapy, it features a flexible wearable design that can be comfortably used over clothing.

Behind these products is a long-term commitment to technology development and standards leadership. SKG has invested continuously in research and development for 19 years and holds more than 1,500 registered patents worldwide, including over 300 granted invention patents. The company operates a technology research institute, proprietary manufacturing facilities, and nine core laboratories. In China, it also led the development of the industry standard Household and Similar-Use Low-Frequency Massagers (QB/T 8100-2024), which took effect in July 2025.

Expanding Global Presence

The awards also reflect SKG’s broader globalization strategy. Rather than relying solely on an export-driven approach, the company has increasingly focused on building a localized presence in overseas markets. To address differences in wearing habits, ergonomic preferences, language environments, and service expectations, SKG extends localization efforts beyond distribution to product functionality, industrial design, user interfaces, regulatory compliance, and after-sales support. The company has established corporate or operational entities in China, Singapore, the United States, and the Netherlands, supported by an overseas team of nearly 100 employees.

Today, SKG products are available in more than 50 countries and regions across North America, Europe, Asia-Pacific, the Middle East, and Latin America. The brand sells through online platforms including Amazon, Lazada, Shopee, and its direct-to-consumer website, while also partnering with major offline retailers such as Costco, MediaMarkt, Saturn, Bic Camera, Takashimaya, and Selfridges. According to a Frost & Sullivan study completed in April 2025, SKG ranked No. 1 globally in smart massager sales revenue for three consecutive years from 2022 to 2024. Between 2023 and 2025, SKG achieved nearly twofold growth in revenue from markets outside mainland China.

As travel retail continues to evolve, SKG’s latest recognition highlights how technology-driven wellness products are responding to the realities of modern travel while demonstrating the company’s ongoing transition from exporting products to building lasting roots in global markets.

About SKG Health

Founded in 2007, SKG Health takes its name from the values “Smart, Kind and Global” and is a global leader in health technology focused on wearable devices across massage, sports recovery and everyday wellness. Its products are available in more than 50 countries and regions. Frost & Sullivan ranked SKG first in global smart massager sales from 2022 through 2024.

For more information, please visit https://www.skg.com/?utm_source=media_name&utm_medium=pr&utm_campaign=product_launch_2026.

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Real-time Hiring Data Offers Universities a New Way to Connect Students with Career Opportunities

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Rollie Jobs reduces administrative burden for career services teams while expanding access to timely, relevant job postings

SOUTH BEND, Ind., Oct. 21, 2026 /PRNewswire/ — Helping students connect their education to meaningful career opportunities is a top priority for colleges and universities. As institutions continue to invest in student career success, new technologies are helping streamline connections between students and employers while creating efficiencies that support campus career services teams.

Rollie Jobs is expanding its work within higher education, bringing its AI-powered workforce intelligence platform to universities seeking to expand career opportunities for students, help career services teams work more efficiently and strengthen relationships with employer partners.

Rather than relying on employers to manually submit job postings, Rollie automatically aggregates active postings from employers and industries of interest to create continuously updated, branded job boards. The result is a simpler, more effective experience for everyone involved: career services teams spend less time managing listings and more time supporting students; students discover a broader, more current range of jobs; and employers benefit from greater exposure to qualified candidates.

“Students and families increasingly expect a college degree to open doors to meaningful careers,” said Alex Sejdinaj, co-founder of Rollie Jobs. “Career services teams play a critical role in helping students navigate their futures, and technology should make that work easier, not more complicated. Rollie automatically surfaces job opportunities from employers without requiring manual uploads or another account for students to access listings. That means institutions can complement existing career services efforts, strengthen connections with employers and help more students discover meaningful opportunities.”

Connecting Education and Employment
Rollie is currently working with higher education partners, including the University of Notre Dame, to explore new ways of connecting students with employment opportunities while giving career services teams and university leaders greater visibility into employer hiring activity.

Notre Dame’s Mendoza College of Business recently implemented Rollie’s technology in its graduate business career services stack, supporting staff efficiency while surfacing targeted opportunities from employers in specific fields.

“As employer recruiting continues to evolve, we have to be equally thoughtful and innovative in how we connect students with opportunities,” said Christina Frank-Lieberg, director of external engagement for the Mendoza College of Business. “Preparing students for lives of purpose includes helping them discover meaningful career opportunities. Rollie helps us deepen relationships with employers while giving students access to timely, relevant opportunities that support informed career decisions.”

Beyond the Job Board
Higher education institutions have access to more workforce information than ever before, from graduate outcomes and employer feedback to industry advisory boards and labor market reports. Rollie complements those resources by providing a continuously updated view of employer demand, helping institutions turn workforce data into actionable intelligence.

“AI has the potential to make workforce intelligence dramatically more accessible,” said Chris Frederick, co-founder of Rollie Jobs. “Instead of spending hours gathering information from multiple sources, university leaders can ask questions, explore hiring trends and gain meaningful insights in minutes. Our goal is to help institutions spend less time searching for information and more time building stronger connections between students, employers and opportunity.”

As higher education continues to focus on student career outcomes, Rollie helps institutions connect students with more career opportunities by automatically discovering job postings, eliminating manual job board management and giving students access to a continuously updated view of what employers are hiring for right now.

To learn more or schedule a demonstration, visit www.rolliejobs.com.

About Rollie Jobs
Rollie Jobs is an AI-powered workforce intelligence platform that helps organizations automatically collect live job postings, explore workforce data using AI and publish branded job boards. Serving chambers of commerce, economic development organizations, workforce partners and higher education institutions, Rollie transforms employer hiring activity into actionable workforce intelligence that helps organizations connect talent with opportunity. Visit www.rolliejobs.com.

Media Contact:

Ann Hastings
For Rollie Jobs
574-210-8425
425107@email4pr.com 

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SOURCE Rollie Jobs

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