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Acconeer: Initial Take - Redeye

Redeye concludes that Q2 came in below estimates. Product sales grew by 15% Q/Q but was still 22% below Redeye’s high expectations. Sales of both sensors and modules continue to develop well. Also, a record of twelve new customer launches in the quarter. Redeye will lower its estimates and valuation by around 5-10%.

Redeye concludes that Q2 came in below estimates. Product sales grew by 15% Q/Q but was still 22% below Redeye’s high expectations. Sales of both sensors and modules continue to develop well. Also, a record of twelve new customer launches in the quarter. Redeye will lower its estimates and valuation by around 5-10%.
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