Brief: Loudspring Eagle Filters Revenue For Q1 2022 EUR 2.2 Mln

Eagle Filters Oyj

26/04/2022 07:14

April 26 (Reuters) - Loudspring Plc  LOUD.HE :
    * Q1 2022 SUMMARY
    * EAGLE FILTERS REVENUE FOR Q1 2022 AND ORDER BACKLOG WERE
EUR 2.2
MILLION (UNAUDITED ESTIMATES) AT TIME OF REPORTING
    * LOGISTICS AND PRODUCTION CHALLENGES CONTINUED IN Q1 WHICH
AFFECTED REVENUE NEGATIVELY FOR FIRST PART OF YEAR
    * NEW PRODUCTION EQUIPMENT IS TARGETED TO BE INSTALLED
DURING Q2,
SIGNIFICANTLY INCREASING PRODUCTION CAPACITY STARTING H2 2022
    * EAGLE FILTERS TARGETS EUR 4.5 - 6.0 MILLION REVENUE FOR
2022
    * RUSSIA'S ATTACK ON UKRAINE MAY HAVE NEGATIVE EFFECTS ON
EAGLE
FILTERS MATERIAL SOURCING, CUSTOMERS AND FINANCING
    * ALTHOUGH COMPANY DOES NOT HAVE ANY ASSETS NOR SIGNIFICANT
CUSTOMERS IN RUSSIA/UKRAINE, GENERAL DISTURBANCE TO GLOBAL
ENERGY MARKET MAY AFFECT CUSTOMER DEMAND
    * ALSO, DISTURBANCES IN MATERIAL PRICES AND AVAILABILITY MAY
HAVE
AN IMPACT ON PRODUCTION AND MARGINS
    * NUUKA SOLUTIONS MONTHLY SAAS REVENUES AMOUNTED TO EUR 95
THOUSAND AT END OF QUARTER (UNAUDITED)
    * CUSTOMER INTEREST FOR NUUKA AI PRODUCTS INCREASED AND
SALES
PIPELINE CONTINUED TO GROW BUT CHURN IS ALSO EXPECTED FROM OLDER
GENERATION PRODUCT

Source text: https://mfn.se/cis/a/loudspring/loudspring-oyj-q1-2022-summary-791de465
 
Further company coverage:  LOUD.HE 

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