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Powercell: Starting serial production in Q4 - Redeye

Redeye sees good prospects for continued strong growth following the Q3 report and other recent business-related events. With solid gross margins well over 30%, break-even appears to be within reach, hopefully by 2024. We expect that current cash position of SEK240m will cover the deficit, which is reassuring given the present situation on the financial markets. We lower our valuation somewhat on the back of higher interest rates and some minor changes to our forecasts.

Redeye sees good prospects for continued strong growth following the Q3 report and other recent business-related events. With solid gross margins well over 30%, break-even appears to be within reach, hopefully by 2024. We expect that current cash position of SEK240m will cover the deficit, which is reassuring given the present situation on the financial markets. We lower our valuation somewhat on the back of higher interest rates and some minor changes to our forecasts.
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