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Redeye concludes that Q3 was good but slightly below Redeye’s estimates. Product sales were 23% below estimates, but sensor sales is accelerating its growth as Acconeer is launching its first customers in Automotive. Also, the number of customer launches was strong at 11. Acconeer sees an easing in component shortage, which is likely to boost sensor sales but dampen module sales going forward. Redeye will lower its short-term estimates by 10-20%, and lower its valuation by around 5-10%.
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