AVTECH: Still On Track
Research Note
2015-04-24
12:14
Revenues for the quarter came in somewhat lower than expected at 3.1 MSEK versus our estimate of 5.4 MSEK including activated costs, consultancy and descent revenues. We expect that the revenues before other revenues and activated costs are in its majority attributable to the SWA contract as management states in its reports. As the Descent solution revenues is a key component in determining the future value of AVTECH this report does not differ from our long-term view. In other words the 1.9 MSEK (prediction: 1.9 MSEK) is likely in its majority attributable to SWA Descent.
PS
Philip Skogby
Disclosures and disclaimers