Image Systems Q1’21: First comment

Research Note

2021-05-05

14:23

Redeye’s expectations were pretty much in line with Q1-numbers. Sales were on the slow side in the first quarter, but the market climate is improving, and orders received has improved significantly lately. The company has improved its cost base and lowered the break-even point. We are still confident that Image Systems will reach black numbers within the next year. We will probably only make minor adjustments to our estimates and valuation.

HA

TO

Henrik Alveskog

Tomas Otterbeck

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