Smart Eye: Extending credit facility by SEK150m - Redeye

Redeye comments on Smart Eye's announcement about extending its credit facility by SEK150m. Redeye is not surprised considering the general weakness in the automotive industry. While some investors may consider the news as a confirmation of additional delays of expected breakeven, others will view it as a well-needed margin of safety. Redeye reitereates its valuation range.

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