Redeye stated that Gapwaves’ Q2 2024 report exceeded its, and consensus expectations. Sales were 45% ahead of Redeye’s estimate and driven by project and prototype-related revenue from Hella, Bosch, Sensrad, and the undisclosed tier-1. SmartMicro started production in the quarter following Hella, which reached start of production (SOP) in Q1 2024. Redeye expects to raise short-term estimates and revisit its OPEX assumptions. Redeye will host Gapwaves LiveQ between 11:00-12:00 today.
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