Sivers Semiconductors: Promising long-term prospects, but short-term financing a question mark - Redeye

Redeye is encouraged by the new management in Sivers, guiding for a long-term ambition of reaching a “high-single-digit market share” of its USD2bn Servicable Adressable Market (SAM) in 2028. Sivers recorded the second-highest quarterly revenue in the company’s history, with product sales growing +58% YTD, though the report overall came in below our estimates. With cash on hand of SEK14m at the end of Q3, Redeye’s main question mark surrounds the short-term financing, which, for our Base Case to hold, needs to be solved by receiving the CHIPs Act Payment of cSEK40m before year-end. Redeye’s previous expectations of a ramp-up in both Wireless and Photonics in the near term have also been pushed forward, resulting in lowered estimates and fair value range.

Länk till analysen i sin helhet: https://www.redeye.se/research/1049781/sivers-semiconductors-promising-long-term-prospects-but-short-term-financing-a-question-mark?utm_source=finwire&utm_medium=RSS