While installations, gross profit and EBITDA declined QoQ in Q1, this was expected given the weak sales numbers at the end of last year. This quarter, net sales reversed the negative trend seen through 2024 with a 34% QoQ increase. We find it encouraging that Otovo has been able to reverse the negative sales trend while still delivering on cost cuts. In our ‘Base Case’ growth scenario, Otovo’s current cash balance is sufficient to fund the company until cash flow breakeven, where we see cumulati ....
