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2024-05-08 08:51:00
Redeye provides an update following Optomed’s FDA clearance for Aurora AEYE and the company’s Q1 report. The report fairly aligned with our expectations; however, slightly lower sales than expected. Moreover, we argue that the FDA clearance is a major milestone for the company and that upcoming US subscriptions could generate a significant part of future sales. We make some changes to our US sales approach assumptions, rendering an updated fair value range.
Read more and download the Research Update.
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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/