Redeye - Sustained progress from Anoto

It was not so much the figures in the Q1 report that impressed us, as the revenue of SEK 43 million and the EBIT loss of SEK -13.4 million was both in line with our estimates. The report was more of a summary of Anoto’s and CEO Stein Revelsbys sustained progress. 4 orders of in total SEK 59 million has been received, although with low margins. The orders are from different countries and for various applications, which is promising.

We have revised our short and long-term estimates following the strong order intake in Education and Business Solutions and the promising outlook for especially we-inspire, Panasonic and interactive displays. Our new fair value is SEK 401 million. The coming announcement, in Q2, regarding the outcome of the OEM negotiations (although already accounted for in our valuation) will be a major catalyst for the share. Read the analysis below.

The full analysis in PDF-format: http://korta.nu/YS6

This is a press reslease from Redeye. Read more analysis at www.redeye.se.