Freemelt (Q1 Review): High activity in customer projects - Redeye
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Freemelt (Q1 Review): High activity in customer projects - Redeye

Sales and order intake in the first quarter remained slow, as expected. On the other hand, activity levels in the customer projects have been high across all focus areas and Freemelt has received three new project orders. This is obviously encouraging as it further validates the technology and another step closer to commercialization. We lower our near-term forecasts somewhat due to the current order backlog, but the impact on our valuation is quite limited.

Sales and order intake in the first quarter remained slow, as expected. On the other hand, activity levels in the customer projects have been high across all focus areas and Freemelt has received three new project orders. This is obviously encouraging as it further validates the technology and another step closer to commercialization. We lower our near-term forecasts somewhat due to the current order backlog, but the impact on our valuation is quite limited.
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