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Redeye is impressed by the strong numbers. Particularly gross margins of 45% which is significantly above historic levels. Top-line growth of 103% is certainly also encouraging, although quarterly growth rates are still rather bumpy and unpredictable. However, Powercell has broadened its customer base and the order book and business pipeline appears to be increasingly more robust. We will most likely make some positive adjustments to our near-term forecasts.
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