Ependion’s Q3 report reflects a continued hesitant market and a flattish topline. On a positive note, margins improved somewhat Y/Y as well as Q/Q. The company’s near-term outlook is unchanged: “...uncertainty remains”. Ependion also announced the acquisition of a minority stake in RazorSecure, a software provider of cybersecurity solutions for the rail industry based in the UK but with an international footprint.
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