Redeye provides a research update following Smart Eye’s Q1 2024 report. Sales fell short of its expectations, but this was offset by substantially lower costs. As a result, EBITDA came in ahead of our estimates. Further, the pipeline of potential near-term design wins appears promising. Redeye raises its EBITDA estimates for 2024e-2025e and increase its valuation range.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/

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Smart Eye - Cost control & continued automotive ramp-up

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