The Swedish helmet technology company’s Q4 revenues were up just 2% on a reported basis to SEK 147 million ($15.0 mm) from SEK 144 million due to the strong Krona, but soared 18% in local currencies. Net income declined 34% to SEK 34 million ($3.6 mm) from SEK 53 million. North America, the largest market for Mips’ IP, saw sales grow 13% in local currency to SEK 76 million ($7.7 mm), despite a volatile market due to potential tariffs. U.S. inventory is drastically low, especially bike helmets, which are at ... Log in to view full article.