Highlights
- Q3 revenue increased 28% YoY, but declined 4% QoQ, and fell well below our expectations because of lower than expected production, increased production of lower-priced products, and a sector-wide decline in prices amid excess supply/inventory and rising competition. Price compression is likely to continue through 2022. We are lowering our 2021 revenue forecast by 30% to $40M.
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- This report is currently available to premium subscribers – Free subscribers will gain access on January 25th, 2022
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