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Revenues are a proxy for market share being captured. If you happen to’re not rising revenues, you’re dropping market share to opponents. Within the case of huge total addressable markets (TAMs), there could also be sufficient alternative to go round, which suggests there ought to be no impediments to rising quick besides inside constraints. So, if the warehouse automation alternative is a $100 billion blue ocean alternative, then why is AutoStore (AUTO.OL) seeing income progress stall?
Editor’s Notice: All numbers on this article are USD until acknowledged in any other case.
AutoStore’s Income Development
Double-digit income progress is nothing to sneeze at, however slowing from 78% progress in 2022 to 11% in 2023 is a dramatic decline. The CEO’s letter describes their progress in 2023 as “considerably outpacing the sunshine AS/RS warehouse automation market, which declined 16 p.c,” based on a “top-tier administration consulting agency.” With solely round 20 p.c of the market penetrated, there’s loads of alternative left to seize with $6.5 billion in pipeline order
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