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Redeye notes a few bright spots in the report, including the delivery of 28 vehicles to customers, which is a bit more than we anticipated. The burn-rate is however high and the report states that by the end of 2021, Inzile will need to strengthen its cash position. We will adjust our forecasts for Inzile’s existing business downwards, since the near-term outlook is not as strong as we expected. However, the key question for Inzile and its share is how the Spanish M&A deal proceeds. No further news on this topic as far as we could see in the report.
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