HCA Market Close 09/01 2023 – Shape Robotics announce 2023 guidance expectations
HCA Market Close 09/01 2023 – Shape Robotics announced its 2023 guidance expectations signalling revenue growth of 59% given the midpoint of 2022 and 2023 guidance.
Market Movements:
Denmark: OMX:C25 (+0.85%) ; Sweden: OMX:S30 (+2.54%) ; Norway: OBX:OSL (+0.59%) ; S&P 500 (+1.26%) ; Nasdaq (+2.09%); Stoxx 600 (+0.88%)
Market Drivers:
Markets gained today on expectations of lower inflation and a less hawkish Fed.
This week markets will be fixed on Thursday’s US CPI report as investors worldwide cross their fingers that the CPI will reveal a continued fall in inflation, giving the Fed room to be less hawkish and maybe even to pause rate increases in the near future.
Today’s gain was in part driven by the expectation of falling inflation, but also as a result of China reopening its borders. While a China reopening has many unknowns, markets are expecting it to be good for growth, with luxury goods names, particularly in Europe, leading the way today.
Other news influencing markets today came from Brazil, as the country faced a large-scale insurrection over the weekend, in protest of its recent election result, and also from the US, as Kevin McCarthy finally overcame the GOP rebels to become the Speaker of the House.
Snacks from the HCA Platform:
Today, Shape Robotics announced its specified guidance for 2023 after the company, in November 2022, announced a 2023 revenue guidance of at least DKK 130m. Revenue guidance for 2023 is now expected in the range of DKK 130-140m, and EBITDA is expected in the range of DKK 1.5m and DKK 3.5m. With Romania being the company’s main market, high growth is, in particular, expected to come from Romania. However, organic growth is also expected from other countries, primarily in Europe, as many countries are investing significantly in educational technology. The share gained slightly by 0.42% in today’s trading.
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Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:15
Shape Robotics
Shape Robotics is a Danish educational technology (EdTech) company that both develops robots for schools and distributes other EdTech equipment for technology classrooms in large projects. The company's largest markets are in Central and Eastern European countries, including Romania, Poland, and Moldova. Shape Robotics was founded as a research spin-off in 2015. The company was listed on Nasdaq First North in June 2020 and transferred its listing to the Nasdaq Main Market in November 2023.
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