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Sivers Semiconductors: According to Plans - Redeye

Redeye states that the Q3 report was good, though not as good as Redeye had expected. However, the lower-than-expected sales in Wireless appears to be complensated by a very strong Q4. Sivers maintains its target of reaching 100%+ sales growth in FY 2023, which will be helped by the USD5m Satcom order starting to generate revenues already in Q4. Also, the company indicates that Satcom will be an important revenue driver in 2024 and beyond. Last, Sivers provided a possible revenue span from the first F100 customer of "several hundred million SEK to several billon SEK" depending on the scope of a possible deal. Redeye is looking to increase estimates on costs and raise its WACC, resulting in a slightly lowered fair value range.

Redeye states that the Q3 report was good, though not as good as Redeye had expected. However, the lower-than-expected sales in Wireless appears to be complensated by a very strong Q4. Sivers maintains its target of reaching 100%+ sales growth in FY 2023, which will be helped by the USD5m Satcom order starting to generate revenues already in Q4. Also, the company indicates that Satcom will be an important revenue driver in 2024 and beyond. Last, Sivers provided a possible revenue span from the first F100 customer of "several hundred million SEK to several billon SEK" depending on the scope of a possible deal. Redeye is looking to increase estimates on costs and raise its WACC, resulting in a slightly lowered fair value range.
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