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Northbaze Q1 2023: Sales dampened by slow smartphone market - Redeye

Redeye states that the Q1 2023 sales figures were significantly below our estimates, while the gross margin remained in line with our projections. Given the uncertainties in the macroeconomic environment, it is likely that we will need to lower our sales projections and review our valuation.

Redeye states that the Q1 2023 sales figures were significantly below our estimates, while the gross margin remained in line with our projections. Given the uncertainties in the macroeconomic environment, it is likely that we will need to lower our sales projections and review our valuation.
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