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Advenica Q2’23: Strong topline, investing for future growth - Redeye

Redeye states that Advenida’s Q2 report was stronger than our estimates on topline. Net revenue was up 15% y/y to SEK31m. Following customer-driven projects Advenicas R&D spending increases and therefore we lower our operating margin in the short term.

Redeye states that Advenida’s Q2 report was stronger than our estimates on topline. Net revenue was up 15% y/y to SEK31m. Following customer-driven projects Advenicas R&D spending increases and therefore we lower our operating margin in the short term.
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