Image Systems Q3 2023: Quick comment - Redeye

Redeye states that reported Q3 numbers were somewhat better than we expected, with sales and earnings just above our forecasts. However, market conditions in the sawmill industry have deteriorated, impairing RemaSawco’s near-term outlook. Motion Analysis on the other hand, sees strong demand, particularly from the international defense industry. On balance, we will now lower our forecasts (at least near-term), due to RemaSawco’s order backlog and the challenging situation in the sawmill industry.

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