Imint: Update, Q3’23 - Kalqyl
Imint’s revenue came in below our expectations, with margins inline. Net revenue was more or less flat y/y (-3%). However, it was down q/q by around -11%, and even more so in USD. Third quarter in numbers:
- Net sales amounted to 16 MSEK (16.4 MSEK)
- Operating expenses amounted to 16.9 MSEK (13 MSEK)
- Earnings per share for the quarter amounted to 0.47 SEK (0.72 SEK) before dilution and 0.47 SEK (0.72 SEK) after dilution
- Cash flow after investment activities amounted to -3.5 MSEK (2.8 MSEK)
We lower our estimates, but we are now more positive regarding the potential stock return since the stock price has declined with ~34% since our previous update.
Länk till analysen i sin helhet: https://kalqyl.se/sites/default/files/2022-11/Imint%20Q3%202022.pdf