VIA optronics AG (VIAO) Reports In-Line Q2 EPS, Offers Guidance

VIA optronics AG (NYSE: VIAO) reported Q2 EPS of (EUR0.31), in-line with the analyst estimate of (EUR0.31). Revenue for the quarter came in at EUR48.1 million versus the consensus estimate of EUR44.62 million.

GUIDANCE:

VIA optronics AG sees Q3 2022 revenue of EUR44-49 million.

• For the third quarter of 2022, VIA expects to achieve total revenue of €44 million to €49 million. For full year 2022, the Company expects to achieve revenue growth between 5% to 10% compared to 2021.
• Dr. Markus Peters, CFO of VIA optronics, commented, “Our top line growth underlines the demand for our solutions across customer segments in the market. We will continue to implement the necessary portfolio adjustments and internal measures to improve profitability and cash flow, with various cost savings and performance improvement projects expected to take first effects during the second half of the year. Our balance sheet remains strong with €53.3 million in cash and cash equivalents at the end of the second quarter, which provides us financial flexibility and runway to pursue our growth objectives.”

For earnings history and earnings-related data on VIA optronics AG (VIAO) click here.

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