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Mentice Q3 2024: Soft Q3, we expect a seasonally strong Q4 2024e - Redeye

Redeye updates its estimates and valuation following Mentice’s Q3 2024 report. The report broadly missed our expectations, though we expect a seasonally strong fourth quarter to enable Mentice to post y/y sales growth for 2024e. Further, we believe demand will improve in 2025e. We nudge down our estimates and valuation.

Redeye updates its estimates and valuation following Mentice’s Q3 2024 report. The report broadly missed our expectations, though we expect a seasonally strong fourth quarter to enable Mentice to post y/y sales growth for 2024e. Further, we believe demand will improve in 2025e. We nudge down our estimates and valuation.
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