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Redeye concludes that Q1 was weaker than Redeye had estimated. Product sales were lower than last year's level and well below expectations as both the number of modules and sensors sold were lower than last year. The main explanation for this is that customers decreased their inventories as the component shortage is no longer present. Also, only six customer launches compared to the quarterly target of ten. Redeye will lower its short term estimates but will likely maintain mid- and long term estimates.
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