Ngenic Q2 2023: Sustained expansion alongside significant cash outflow - Redeye

Redeye states that Ngenic’s financial performance was below our projections on sales and profitability. While margins were weaker than our estimates, Hardware sales remained strong, showing a growth of 145% y/y. However, considering Ngenic’s current cash burn, it is probable that the company will require external funding to sustain its operations and growth trajectory. As a result, we anticipate lowering our base case and valuation range.

Länk till analysen i sin helhet: https://www.redeye.se/research/940089/ngenic-q2-2023-sustained-expansion-alongside-significant-cash-outflow?utm_source=finwire&utm_medium=RSS