Bildkälla: Stockfoto

Smart Eye Q1 2024: Soft topline, solid cost control and good outlook - Redeye

Redeye concludes that Q1 came in below its topline expectations, but in line on EBITDA-CAPEX (underlying burnrate), due to better-than-expected cost control. A promising sign is that North American and Japanese OEMs are now starting to ramp up and that a Chinese one is expected to do so shortly - boding well for the coming quarters. Smart Eye also comments that the Automotive ramp up is going according to plan. Cash level is strong. Redeye expects to lower its short-term estimates but not to make any significant changes to its valuation range.

Redeye concludes that Q1 came in below its topline expectations, but in line on EBITDA-CAPEX (underlying burnrate), due to better-than-expected cost control. A promising sign is that North American and Japanese OEMs are now starting to ramp up and that a Chinese one is expected to do so shortly - boding well for the coming quarters. Smart Eye also comments that the Automotive ramp up is going according to plan. Cash level is strong. Redeye expects to lower its short-term estimates but not to make any significant changes to its valuation range.
Börsvärldens nyhetsbrev
ANNONSER