New focused strategy and revised financial outlook
Inside information To accelerate LED iBond International’s (LED iBond) top-line growth, the company’s newly appointed CEO has headed up a strategic review of LED iBond’s product offering, market focus and go-to-market approach.The strategic review came to the following conclusions, which include a downward revision of the company’s revenue outlook for 2022 and suspension of the guidance for cash flow breakeven. The smart building market – for growing short-term revenue Most of LED iBond’s revenue currently derives from the TRACY® and GRACY families of products manufactured at the