Artificial Solutions Q3’20: Signs of strength embedded in a traditionally quiet quarter
Redeye will consider minor adjustments to its forecast with a slight downward bias on the back of today’s Q3-report, particularly concerning the current year. Highlights include new customers (ICA Gruppen and Skoda), in addition to new partnerships with RPA providers. Important financial takeaways are the high gross margins (70%+), 4% y/y net sales growth, and mitigated costs due to furloughing. Having secured financing, together with a new experienced management taking over the helm, AS will focus on increasing sales and capturing the fast-growing NLP market.