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Advenica Q2’23: Strong topline but elevated R&D spending in the quarter - Redeye

Redeye states that Advenica’s Q2 report was stronger than our estimates on topline. Net revenue was up 15% y/y to SEK31m. This was above our estimates of SEK29m. Service revenue was up 32% during the quarter, higher than our estimations.

Redeye states that Advenica’s Q2 report was stronger than our estimates on topline. Net revenue was up 15% y/y to SEK31m. This was above our estimates of SEK29m. Service revenue was up 32% during the quarter, higher than our estimations.
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