Smart Eye: Inflection Point Confirmed - Redeye

Redeye concludes that Q2 was strong, particularly regarding the most important aspects - Automotive sales and cash flow. The estimated inflection point in Q2 was confirmed as the sequential q/q growth in Automotive was +45%. Also, the underlying burn rate was considerably better than we expected due to strong gross margin and good cost control. Smart Eye states that "Right now, everything is proceeding according to our plans", likely implying continued belief in reaching positive cash flow in H2 next year. Redeye does not expect to make any major changes to its estimates, but expects a relief rally on the share price.

Länk till analysen i sin helhet: https://www.redeye.se/research/935881/smart-eye-inflection-point-confirmed?utm_source=finwire&utm_medium=RSS