Mentice Q1 2024: Weak first-quarter figures - Redeye
Redeye provides its initial take on Mentice’s Q1 2024 report, which came in considerably below our estimates. We judge that positives from the report include a strong gross margin and operating cash flow. Notable negatives include considerably weaker sales and margins than we had pencilled in. However, we note that Mentice’s sales and order intake tend to be highly volatile on a q/q basis, i.e., one bad quarter cannot be extrapolated to coming quarters. Overall, we believe the market will react negatively to Mentice’s weak first-quarter figures despite the company’s long-term outlook remaining unchanged.
Länk till analysen i sin helhet: https://www.redeye.se/research/1002242/mentice-q1-2024-weak-first-quarter-figures?utm_source=finwire&utm_medium=RSS