IQE plc provided pre-close Trading Update for the financial year ended 31 December 2022. Reported revenue for the year ended 31 December 2022 is expected to be circa 8% higher than the prior year, subject to external audit review (2021: £154 million), after accounting for the impact of provisions for a small number of doubtful debts and the re-phasing of revenues from one contract from Fourth Quarter 2022 to First Quarter 2023. Constant currency revenue is expected to be broadly in line with the prior year.