Ngenic Q2 2023: Solid sales, limited funds - Redeye

Redeye states that Ngenic’s financial performance was below our projections on sales and profitability. While margins proved weaker than we anticipated, hardware sales showcased stellar performance with an impressive y/y growth of 205%. However, considering Ngenic’s current cash burn and available funds, it is likely that the company will require external funding to sustain its operations and growth trajectory. As a result, our updated view of the company gives rise to a new fair value range and base case.

Länk till analysen i sin helhet: https://www.redeye.se/research/940955/ngenic-q2-2023-solid-sales-limited-funds?utm_source=finwire&utm_medium=RSS