Mye som tyder på at kontrakten signert for Seamless er Lenovo, og de er jo mye mer ekspansive og “raske” enn andre OEMs. Så bør derfor følge historisk tidslinje for launch med Lenovo i så tilfelle
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På Q1 har de hatt revenue som tilsvarer 33% av hele 2023. Nå må snart analyse selskap få øynene opp for denne Norske teknologi diamanten
Ikke så ille. Fullt mulig de kan gjøre en liten vinst i år.
22M i omsettning før Q1 var langt mer enn jeg trodde. Vi ser nå at det begynner å droppe inn litt penger, sakte med sikkert.
Bra også at de slopet 500M-målet før 2025. Det var det enda ingen som trodde på.
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Svært underlig da at “billig-PC-en” ASUS Vivobook S 15 som kommer ut i salg i midten av juni og som har HPD, ikke er HPD fra Elabs.
Synes at det var bra de jekker ned forventningene enn last minute som sist, selvom det ikke er det man helst vil høre. Fikk dere sett seamless demoen? ser i hvertfall veldig imponerende ut 
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Hvor har du sett at den har HPD?
Based on my previous analysis that I shared here, I estimated the Elabs TAM to be much smaller than what they previously communicated in their slides. I also discussed about this with Lars via emails.
Seems now that they have removed the misleading “billions of USD” TAM from their slide deck. Also they have seem to update the HW sensor for laptops from 2.5-4 USD to 1-4USD at the same time.
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Can we still hit the target next year. YES
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Yes, but it depends ofc.
De tror de vil nå målet innen 1-3 år.
Og CEO bruker nå det gode gamle norske utsagnet TTT (ting tar tid).
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Bra presentasjon. Tror vi kan forvente mye positivt rundt Seamless fremover. De var tydelig stolte av produktet. Og det med god grunn så langt jeg kan se.
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Hvor så du at den har HPD?
https://www.asus.com/no/news/2fwape3vovdhrazj/
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Laila just told us 10 mins ago that there are also some cases when they cannot announce even though the products are on the markets.
But for the upcoming seamless launch with an OEM there will be a marketing campaign around the Seamless function and “we are definitely able to tell about that”.
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expected shipping date of June 18, 2024. Blir uansett ikke meldt noe som helst før tidligst shipping er startet.
Whether it lives up to that promise, we’ll just have to wait and see. Pre-orders for the Asus Vivobook S 15 are open now, starting at $1,299, with an expected shipping date of June 18, 2024. Asus currently plans to ship the Vivobook S 15’s base model, with orders opening for other configurations later in 2024.
Fra SB1 før webcast:
- Elliptic Labs (+): Earlier today, Elliptic Labs also reported its 1Q24 figures where we have to admit that modelling the company on a quarterly basis is extremely difficult (as an example, for the last four quarters prior to 1Q24, revenues has been NOK9.6m, NOK22.5m, NOK33.5m and NOK4.1m). Normally 2H is a much better half than 1H in Elliptic Labs (65-70% of full year revenues the last five years have come in 2H) and therefore, it is a positive that revenues landed at NOK22.6m in 1Q24, which was better than our NOK18.7m estimate. Coupled with cost control (despite a NOK2.2m recovery from previous written-off receivable that lowers opex by the same amount), EBIT came in at -NOK8.3m vs. our -NOK14.3m estimate. More importantly, without any surprises on working capital, FCF came in at -NOK15.6m vs. our -NOK21.7m estimate, which led to a cash balance of NOK100m above our NOK92.1m estimate (which we argue is one of the most important KPI’s). Consequently, looking at the trailing 12m cash burn, it now stands at -NOK61.4m, which is down sequentially from -NOK68.3m as of 4Q23 and down from -NOK82.6m as of 3Q23, lowering the risk of a dilutive share issue. Furthermore, Elliptic Labs continue to add number of smartphones with now 120 cumulative models launched to date, up from 102 as of 4Q23 and similar trend is witnessed on laptop with 31 Lenovo models launched so far, up from 20 as of 4Q23 (see chart below). A simple (very simple indeed) calculation is assuming 2Q24 revenues is 40% above 1Q (in line with the last five years adjusted for the milestone payment last year), which give a 1H24 revenue base of NOK55m. Coupled with seasonality where 1H is around 32.5% of revenues on average the last five years, that gives a 2024 revenue base of ~NOK170m, which compares to our current estimate of ~NOK190m and hence, we are likely to keep our estimates for now. Finally, the NOK500m revenue and +50% EBITDA margin target/ambition was further pushed out in time from 2025 to “medium-term” after the company had the same target within 3 years at the IPO in 2020. In our modelling, we do not put any emphasis on that figure. Nevertheless, assuming limited estimate changes, we are likely to reiterate our Buy recommendation and NOK25 target price following the report.
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Takk. Ser ut som “adaptive dimming” funksjonen er kamera basert, men utelukker ikke at “adaptive lock” funksjonen kan være elabs. Trekker mye strøm å ha kamera gående 24/7 for HPD
Får ufortjent juling nå.
De får alltid juling etter Q-pres. Se på fjoråret mot juni-juli… håper ikke det gjentar seg i år.
It just removed the undeserved hype from the time before Q1. We are trading back at 14NOK+ levels. GOod opportunity to buy more over time.
Like I have told here; don’t try to see ELabs laptops everywhere for now.
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Jeg har ikke fått tid til å se nærmere på rapporten, men resultatet var veldig bra, men blir dessverre overskygget av TTT.
At kursen lå på 16 tallet før Q1, ser jeg egentlig ikke som noen hype og tror heller ikke godtfolket her på forumet ser Elabs på alle laptop-er, heller at man liker å spekulere og grave i håp om å finne neste oem.
Børsmarkedet hater forsinkelser og reagerer med å sende kursen sørover. Selv om 500m målet er flyttet til diffust tidspunkt, betyr ikke at Elabs ikke kommer til å tjene gode penger fremover.