SMART WIRES TECHNOLOGY LTD, Q2 2022 INTERIM REPORT
“Revenue in the second quarter of $8.2M was in-line with our previously communicated guidance that more than 70% of revenue will be in the second half of the year as supply chain disruption continued to impact production timing and associated deliveries. After the end of the quarter, we updated the market on the company’s outlook for the rest of 2022. We lowered the revenue outlook to $55M to $60M compared to the previously stated $65M to $70M due to the impact of continued supply chain disruption on our production volume and technology deployment. Cash at the end of the quarter was