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Bawat – Presentation of Q4 2022 interim report
Today, Bawat announced its Q4 2022 report. We have interviewed Bawat’s CEO Marcus Peter Hummer to get an update on the results and hear more about the expectations for 2023.
Looking at highlights from the report and the interview, Bawat has already announced its 2022 order intake in mid-January of SEK 18.1m (full-year guidance was SEK 35-50m). Delays in decision-making with two large clients implied that Bawat reached an order intake of SEK 1.2m in Q4 2022. However, Bawat now reports that a large order for a mobile unit has been confirmed in February 2023, and the second large order for mobile units is still in commercial negotiations.
Focusing on the market, quoting activity remains at a high level and reached a record level of more than SEK 75m in Q4 2022. Bawat still sees a higher interest from potential customers, despite that the company experiences longer sales periods than expected from initial contact to the decision of an actual order on its Mobile Solutions.
For the full year 2023, Bawat’s guidance is an order intake in the range of SEK 40-60m. EBITDA is estimated to reach break-even in H2 2024.
Read the full report here: https://view.news.eu.nasdaq.com/view?id=bc5dfb511fc1f1792e4a39310f2945956&lang=en
Disclaimer: HC Andersen Capital receives payment from Bawat for a DigitalIR/Corporate Visibility agreement. /Michael Friis 17:30, 21 February 2023.
Looking at highlights from the report and the interview, Bawat has already announced its 2022 order intake in mid-January of SEK 18.1m (full-year guidance was SEK 35-50m). Delays in decision-making with two large clients implied that Bawat reached an order intake of SEK 1.2m in Q4 2022. However, Bawat now reports that a large order for a mobile unit has been confirmed in February 2023, and the second large order for mobile units is still in commercial negotiations.
Focusing on the market, quoting activity remains at a high level and reached a record level of more than SEK 75m in Q4 2022. Bawat still sees a higher interest from potential customers, despite that the company experiences longer sales periods than expected from initial contact to the decision of an actual order on its Mobile Solutions.
For the full year 2023, Bawat’s guidance is an order intake in the range of SEK 40-60m. EBITDA is estimated to reach break-even in H2 2024.
Read the full report here: https://view.news.eu.nasdaq.com/view?id=bc5dfb511fc1f1792e4a39310f2945956&lang=en
Disclaimer: HC Andersen Capital receives payment from Bawat for a DigitalIR/Corporate Visibility agreement. /Michael Friis 17:30, 21 February 2023.
