TH1NG Q2 2024: Sales in line, Solid gross margin - Redeye

Redeye concludes that TH1NG’s reported revenues were in line with our estimates, yet the gross margin was considerably stronger than expected. Additionally, OPEX was slightly lower, resulting in a stronger-than-expected EBIT. TH1NG now targets reaching positive cash flow in 2025 and has been granted a bridge loan of SEK10m from its main owner, Skellefteå Kraft.

Länk till analysen i sin helhet: https://www.redeye.se/research/1037812/th1ng-q2-2024-sales-in-line-solid-gross-margin?utm_source=finwire&utm_medium=RSS