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Smart Wires: Update on Current Affairs - Redeye

Smart Wires recently announced that it suspended revenue guidance and revised order guidance while seeking strategic alternatives for financing, business combination, or selling the Company. Thus, the Company expects to deliver the current backlog of USD 70m over Q4’22-Q2’23. Based on the new guidance and announcement of looking for strategic alternatives, we lower our fair value range to 0.2-2.7 with a Base Case of 1.3.

Smart Wires recently announced that it suspended revenue guidance and revised order guidance while seeking strategic alternatives for financing, business combination, or selling the Company. Thus, the Company expects to deliver the current backlog of USD 70m over Q4’22-Q2’23. Based on the new guidance and announcement of looking for strategic alternatives, we lower our fair value range to 0.2-2.7 with a Base Case of 1.3.
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