SSH Communications Security: Solid start to the year - Redeye

Redeye provides an update following the Q1 2024 report. Sales increased by 5.8% y/y to EUR5m, with a EBITDA margin of 4.7%. PrivX grew by 44.5% pushing Subscription growth by 14.5%. We make minor adjustments for 2024 and reiterate our valuation range. We argue that SSH should be seen as a stable company within the cybersecurity sector with a robust subscription revenue model that is growing profitable.

Länk till analysen i sin helhet: https://www.redeye.se/research/994701/ssh-communications-security-solid-start-to-the-year?utm_source=finwire&utm_medium=RSS