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Formpipe: Q1 Preview – Increased Sales and OPEX due to FX - Redeye

Redeye retains its Base Case despite cutting its short-term EBIT forecasts slightly. We raised our ARR, sales, and OPEX forecasts due to FX – where both the EUR and USD appreciated during Q1. Combined with a slight increase in underlying OPEX assumptions, we cut our short-term EBIT forecast somewhat while slightly increasing the long- and mid-term.

Redeye retains its Base Case despite cutting its short-term EBIT forecasts slightly. We raised our ARR, sales, and OPEX forecasts due to FX – where both the EUR and USD appreciated during Q1. Combined with a slight increase in underlying OPEX assumptions, we cut our short-term EBIT forecast somewhat while slightly increasing the long- and mid-term.
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