Smart Eye: Better cash flow than expected – Automotive to ramp from Q2
Research Note
2023-05-16
08:53
Redeye concludes that Q1 was stronger than expected in terms of both topline and cash flow - stemming from higher sales from Behavioral Research than expected and improved working capital. Also, Smart Eye expects the strong organic growth for Behavioral Research to conitinue throughout the year. Last, Smart Eye states that DMS revenues in Automotive will ramp up from next quarter. Redeye does not expect to make any big changes to its estimates or fair value range.
JVK
Jesper Von Koch
Disclosures and disclaimers