Arcure : H1 revenues on uptrend, cash burn reined in, Buy vs Neutral
>H1 revenues up 16%, little visibility at this stage over H2 but positive signals - Arcure reported H1 revenues a shade ahead of our expectations: +16% yoy to € 3.7m (vs € 3.4m estimated). From the press release and contact with the company, our takeaways are as follows: The year got off to a good start with around 30% growth before mid-March. Lockdown measures brought this momentum to a standstill in Europe and the US, mainly due to order deferrals following th...Arcure SA is a France-based company specialized in the technology sector. The Company develops a range of solutions for enhancing the autonomy of industrial machinery. Arcure SA serves companies operating within construction, transport, tunnels or urban cleanup, logistics and the mining sector. Its portfolio includes two main products: Blaxtair and Omega. Blaxtair offers solutions for securing the perimeter around mobile industrial machinery and robots by preventing collision in working environments. Omega is an advanced stereoscopic camera calculating the disparity map by providing metadata to the user. Additionally, thanks to its two sensors, Omega provides the disparity map and raw images at 20 frames per seconds. Apart from France, the Company also operates in a number of countries, which includes Japan, Chile and England, among others.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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