Redeye states the report was below expecations across the board. The main reason for the deviation is that the postponed order at the end of 2023 was pushed out further in 2024 than our initial expectation of equal amounts in Q1 2024 and Q2 2024. Sivers states it has closed four new deals worth SEK100m. This appears to be across Sivers' two business segments, with CEO Anders Strom naming AI Photonics and two big deals within the SATCOM area. Redeye expect to shift its sales estimate towards H2 2024 and consequently lower its fair value range.
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