Redeye - Anotos operations is on the right path but...

Sales of SEK 46 million surprised us positively, coming in at SEK 6 million above our prognosis. In addition, the solid sales generated EBITDA of SEK -3.7, compared to our expected SEK -9.0. This report indicates that Anoto’s business operations is on the right track. The OEM negotiations is proceeding well, although a little slower than our initial expectations. However, we believe that the low cash level of SEK 4 million poses a risk. The strong performance has made us revise our short and long-term estimates. Read all the details in the analysis below.

Full analysis in PDF-format: http://korta.nu/ab4

This is a pressrelease from Redeye. Read more at www.redeye.se.