Sivers IMA reported revenues of SEK 24m, which was below our forecast of SEK 31m. The report further included several one-off costs affecting EBIT negatively. The company continued to successfully market its products by selling 17 additional evaluation kits, with two Tier 1 players among the buyers. We regard this as a positive sign of interest in the company’s products, but we are yet not seeing wireless volumes taking off.

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