Sensys Gatso: Solid Beat
Research Note
2023-08-17
08:54
Redeye concludes that Q2 was stronger than Redeye expected, with higher-than-expected revenues and lower cost base than expected. Both System sales and TRaaS came in stronger than estimated. The company's financial guidance for 2023 is also reiterated - indicating higher topline and EBITDA than Redeye had estimated. Redeye will accordingly lift its estimates for 2023 but expects to only make minor changes for 2024 and after.
JVK
Jesper Von Koch
Disclosures and disclaimers