Over the years, market developments have proven the wisdom of Graham’s strategies. This classic text is annotated to update Graham’s timeless wisdom for today’s market conditions… Graham’s philosophy of “value investing” - which shields investors from substantial error and teaches them to develop long-term strategies - has made The Intelligent Investor the stock market bible ever since its original publication in 1949. The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide.
Of this, NOK 55 million from shareholders and companies associated with Huddly has been committed.Posted by jasonzweig on in Books | 0 comments
To secure the company’s liquidity position the company is finalizing the process of securing a committed loan facility of an aggregated amount of up to NOK 100 million. The management team has revised Huddly’s strategy to adapt to the current market development, and will focus on Technology, Revenue, Gross Margin and Profitability, and has already stabilized costs which the company expects to decline in the second half of the 2023. The Board has decided not to provide any revenue guidance for 2023 until further notice. Huddly expects to see indications on growth regaining momentum through the third quarter of 2023, with potential effect from the fourth quarter 2023. We will defend our position as a market leader through continued R&D to secure long-term mutually beneficial collaborations with our strategic partners and distribution channels” says Graham Williams, CEO of Huddly. “The first shipment of Huddly Crew marks a shift for us, moving from disruptive innovation of intelligent cameras to defining a new category of intelligent camera systems. The revenue setback reflects downstream supply chain issues, as the partner who is lacking other parts in their solutions has postponed orders. At the same time, a sharp decline in sales through one of Huddly’s main strategic partners generated a revenue decline to NOK 51 million in the first quarter of 2023 and a gross margin improvement to 46% due to the higher share of high-margin sales through channels. The multi-camera system has won several prestigious product and design awards. Huddly shipped its first Huddly Crew to customers, executing on its strategy to define a new category in hybrid collaboration, receiving overwhelming feedback on the intelligent camera system.
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