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Image Systems Q1 2023: Initial take - Redeye

Redeye sees no major drama in Image Systems Q1 report. Higher sales Y/Y but also higher costs, as the company has increased the pace of product development in both business units. Motion Analysis continues to show healthy growth while RemaSawco currently is experiencing uncertainty in the sawmill industry and hesitant customers. The company is still optimistic and expects: “a return to normal during the year.” We will probably only make minor changes to our forecasts.

Redeye sees no major drama in Image Systems Q1 report. Higher sales Y/Y but also higher costs, as the company has increased the pace of product development in both business units. Motion Analysis continues to show healthy growth while RemaSawco currently is experiencing uncertainty in the sawmill industry and hesitant customers. The company is still optimistic and expects: “a return to normal during the year.” We will probably only make minor changes to our forecasts.
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