VeriSilicon's Q2 revenue is expected to increase by 91.87% month-on-month, but lower than the same period last year

Semiconductor IP licensor VeriSilicon expects to achieve operating revenue of 610 million yuan in the second quarter of 2024, a 91.87% increase from the first quarter. But it is still lower than the same period last year. VeriSilicon's operating revenue in the second quarter of 2023 was 644 million yuan, and its revenue has declined to varying degrees for two consecutive quarters.