SMART WIRES TECHNOLOGY LTD ISSUES Q3 2022 INTERIM REPORT AND UPDATES ORDER GUIDANCE
“There is no doubt that we have faced many challenges in 2022. We’re not through the year yet and still have plans to reframe and deliver better output, but supply chain delays have impacted production – in terms of new product cut-in, ramping, and volume – which has prevented backlog execution, deliveries, and milestone payment collections. We have continued to develop and position the business, but the delays reached a point in Q3, where we were left with no choice on dropping revenue and margin guidance, lowering new orders expectations, and announcing the need to address near-term