Freemelt (Q2 Review): Gaining traction - Redeye
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Freemelt (Q2 Review): Gaining traction - Redeye

The main highlight of the second quarter was the clear improvement in order bookings including four machine sales. Whereof three eMELT systems ordered by customers (Jiuli and US company Intalus) with significant potential for large follow-up orders in the future. Freemelt’s hybrid business model is also progressing, and the company is currently bidding in tenders for the manufacturing of tungsten components. Reported numbers for Q2 were all in line with our estimates and we leave our forecasts virtually unchanged.

The main highlight of the second quarter was the clear improvement in order bookings including four machine sales. Whereof three eMELT systems ordered by customers (Jiuli and US company Intalus) with significant potential for large follow-up orders in the future. Freemelt’s hybrid business model is also progressing, and the company is currently bidding in tenders for the manufacturing of tungsten components. Reported numbers for Q2 were all in line with our estimates and we leave our forecasts virtually unchanged.
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