Redeye considers I-Tech’s Q2 report to be very solid. The company posted 86% growth y/y, beating our relatively high expectations for the quarter, while its operating leverage yielded a 40% EBITDA margin. This progress was driven by a strong recovery from a significant customer with previous financial difficulties, as well as solid growth from other key customers. Following the report, we expect to make positive forecast revisions, likely with a positive effect on our fundamental valuation.
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