Research from Atrium Research, Atrium Research Corporation

Atrium Research

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

Braille Energy Systems / Equity Bottom-Up

<ul>
<li>Braille reported Q3/23 financial results that were mixed compared to our expectations. </li>
<li>Braille Battery remains well positioned to expand internationally and return to its historical sales growth rate of ~15% while expanding gross margin in the process.</li>
<li>The results were mixed relative to our expectations, being in line for revenue and adjusted EBITDA but missing on gross margin.</li>
</ul>


Braille reported Q3/23 financial results that were mixed compared to our expectations. 
Braille Battery remains well positioned to expand internationally and return to its historical sales growth rate of ~15% while expanding gross margin in the process.
The results were mixed relative to our expectations, being in line for revenue and adjusted EBITDA but missing on gross margin.


BES: Mixed Q3 Financials; Long-Term Thesis Intact