BIMobject: Shifting focus to sales growth
Redeye retains its positive view on BIMobject despite lowering its forecasts and Base case. Q1 highlighted the significant cost reductions, and while the ARR was flat q/q, we believe sales growth will accelerate from now on for several reasons. Combined with limited cost increases, we believe BIMobject is heading for a cash flow neutral 2022 and a profitable 2023.