RoodMicrotec N.V. reported revenue results for the first quarter ended March 31, 2019. For the quarter, the company's revenue decreased by 10% compared to the first quarter of 2018.

Based on several new engagements as well as an increasing number of ASIC supply chain projects in the pipeline, RoodMicrotec expects a continuing revenue increase over the next years and the company expects to report yearly improving positive net results. With a softer market and geopolitical uncertainties revenue for 2020 is expected to be in the range of EUR 16 million to EUR 18 million.