Freemelt: Commercialisation within reach - ABG
Q1e: one Freemelt ONE delivery, SEK 4.9m sales, SEK -8.8m EBIT
First eMELT-iD sold, time to start converting partnerships to sales
Demand high, according to management – especially for tungsten
Q1e: costs to remain elevated due to eMELT
We expect sales of SEK 4.9m, driven by one Freemelt ONE delivery in the quarter. Costs will likely remain elevated due to the launch of the eMELT-iD, and we thus expect adj. EBIT of SEK -8.8m (-12.2m), which will convert into adj. EPS of SEK -0.18 (-0.30). For FCF, we have SEK -22m, leaving the company with a cash balance of SEK 12m, but note that this does not include the proceeds from the SEK 60m share issue in Q2.
Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/Freemelt/Equity-research/2024/5/freemelt---commercialisation-within-reach/