Brief: Airthings Sees Q4 Revenues Negatively Impacted By Up To USD 1.2 Mln

Airthings ASA

24/10/2024 06:18

Oct 24 (Reuters) - Airthings ASA  AIRX.OL :
    * IN Q4 24, REVENUES MAY BE NEGATIVELY IMPACTED BY UP TO USD
1.2
MILLION
    * AIRTHINGS HAS BEEN APPROACHED REGARDING A POSSIBLE BUYBACK
OF
INVENTORY DUE TO DEFECTIVE BATTERIES IN A PRODUCT
    * PARTICULAR BATTERIES ARE LIMITED TO ONE PRODUCT AND ONE
BATCH OF
BATTERIES DELIVERED IN 2022
    * EBITDA IN Q3 IS IMPACTED BY EXPECTED ONE-OFF RESTRUCTURING
COSTS
    * WE REITERATE OUR TARGET TO BECOME EBITDA POSITIVE IN
SECOND HALF
OF 2025

Source text for Eikon:  ID:nObidcgXSa 
Further company coverage:  AIRX.OL 

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