Ngenic Q2 2024: Weak results but positive signals - Redeye

Redeye comments on Ngenic’s Q2 report, which presented a y-o-y decline in both net sales and profitability. The figures were largely in line with Q1 2024, and the key event during the quarter was the application for debt restructuring. Ngenic has now divested its IMD business, which will reduce the headcount and OPEX significantly while bringing in cash. The target is to finalise the debt restructuring during the fall and to focus on the core business going forward. The target is to reach profitability during 2025.

Länk till analysen i sin helhet: https://www.redeye.se/research/1037413/ngenic-q2-2024-weak-results-but-positive-signals?utm_source=finwire&utm_medium=RSS