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Redeye provides a first comment following Ngenic's release of its Q1 report. Since the company had already disclosed preliminary sales figures for the quarter, there were no significant surprises in terms of top-line. Consequently, Ngenic's reported net sales of SEK14.1 million (SEK5.9m) align precisely with our projected figures, indicating a noteworthy 139% y/y and 69% q/q growth. However, profitability surpassed our projections. Therefore, we anticipate adjusting our forecast upwards.
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