Aktieanalys

Napatech: More design wins the next trigger - ABG

ABG Sundal Collier Publicerad: 19 Jun 07:22

2024 likely to be back-end loaded
Company still expects 3-5 more design wins in 2024
Guidance implies P/E of 4.1-8.2x

We forecast Q2 revenue of DKK 33m

Following a soft Q1 with revenue of DKK 21.5m (inventory reduction at a large customer), we forecast Q2 revenue of DKK 33m, a decline of 14% y-o-y. Napatech has guided for FY'24 revenue of DKK 170-180m, which compares to our revenue estimate of DKK 161m. We expect the year to be back-end loaded, with DKK 107m in revenue in H2 vs. DKK 54m in H1 driven by: 1) no inventory adjustment effects in H2, and 2) USD 2m in non-recurring engineering costs (one-time revenue) related to the first IPU design win.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/Napatech/Equity-research/2024/6/napatech---more-design-wins-the-next-trigger/

Nyheter om Napatech

Läses av andra just nu

Innehåller annonslänkar. Investeringar innebär risk (se här)

Tips: 50% rabatt hos fondroboten Opti

Dags att komma igång med sparande? Fondroboten Opti erbjuder en populär spartjänst som är perfekt för regelbundet månadssparande. Just nu får nya kunder som använder Börskollens unika kampanjkod BORSKOLLEN50 automatiskt 50 % rabatt på Optis avgift i 3 månader!