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RLS Global: Initial Order From ConvaTec and Funding Secured - Redeye

Redeye is encouraged to learn that RLS has secured a credit facility of SEK 20m as well as received its first order from ConvaTec. With an improved financial flexibility, while the collaboration with ConvaTec is now entering a more active commercialization phase, we believe that the investor sentiment will improve over the coming months. We continue to argue that the stock offers an attractive risk/reward at current share price levels.

Redeye is encouraged to learn that RLS has secured a credit facility of SEK 20m as well as received its first order from ConvaTec. With an improved financial flexibility, while the collaboration with ConvaTec is now entering a more active commercialization phase, we believe that the investor sentiment will improve over the coming months. We continue to argue that the stock offers an attractive risk/reward at current share price levels.
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