TH1NG: Stronger EBITDA than expected + Convertible note issue - Redeye

Redeye concludes that TH1NG’s Q3’23 top-line was slightly softer than expected. However, the cost base was lower than anticipated, paired with a stronger-than-expected gross profit, resulting in a stronger-than-expected EBITDA. Given the cash position at the end of Q3, yesterday evening’s announcement of a SEK6m convertible note issuance (and potentially another) is reassuring. In light of the report, the convertible note issue and a general rise in our risk-free rate, we anticipate to reduce our fair value range.

Länk till analysen i sin helhet: https://www.redeye.se/research/960286/th1ng-stronger-ebitda-than-expected-convertible-note-issue?utm_source=finwire&utm_medium=RSS