Redeye concludes that Q1 came in below its estimates, but where the qualitative TRaaS revenues were in line with expectations. System Sales was low but will always fluctuate between quarters. Sensys Gatso states that its current cost base is temporarily heightened due to a R&D project expected to be completed later in 2023. Redeye will lower its estimates and valuation by around 5%.

info@redeye.se (Redeye.se)

Redeye AB - Redeye.se