Fluicell: Comment, Q3-22 Report - Analyst Group
Summary of Operating Activities
During Q3-22, the revenue amounted to SEK 0.51m, compared to SEK 1.1m in Q3-21, which corresponds to a YoY decrease of 52%. Compared to the previous quarter of Q2-22 where the revenue amounted to SEK 0.49m, the increase corresponded to 5%. The revenue is lower than we estimated, where it is likely that the effects from the pandemic are still posing challenges to regain the historical growth rates observed prior to the pandemic regarding Fluicell’s top line.
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