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Waystream Q1’23: First take – volatile sales development - Redeye

Redeye sees a Q1 report that did not meet our high expectations. After several quarters exceeding expectations, the sales increase of 20% was below what we expected. This shows the volatility in the sales between quarters, which will continue as it is the nature of the company’s sales cycle. The sales trend of lower-margin products continued from Q4, negatively affecting margins.

Redeye sees a Q1 report that did not meet our high expectations. After several quarters exceeding expectations, the sales increase of 20% was below what we expected. This shows the volatility in the sales between quarters, which will continue as it is the nature of the company’s sales cycle. The sales trend of lower-margin products continued from Q4, negatively affecting margins.
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