Flexion Mobile: Ramping-Up the Portfolio
Research Note
2021-04-14
15:34
Flexion communicated its trading update, beating its own expectations with an estimated revenue growth of 136%. However, the revenue growth was somewhat below Redeye’s relatively high expectations. Total revenue will be close to GBP 6.6 million versus our estimate of GBP 7.65 million. The gross margin amounted to GBP 0.8 million compared to our estimate of GBP 0.96 million.
TO
DZ
Tomas Otterbeck
Danesh Zare
Disclosures and disclaimers