Litium (Q3 Initial take): Strongest quarter yet, and profitable - Redeye
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Litium (Q3 Initial take): Strongest quarter yet, and profitable - Redeye

Redeye comments on Litium's Q3 report, which came in line with our expectations on both ARR and net sales while beating our estimates on profitability. ARR grew 17.4% y/y to SEK101.2m, and Cash EBITDA of SEK1.5m was the best quarterly result in Litium's history, helped by lower than expected OPEX. We expect to make minor adjustments to our estimates and Fair Value.

Redeye comments on Litium's Q3 report, which came in line with our expectations on both ARR and net sales while beating our estimates on profitability. ARR grew 17.4% y/y to SEK101.2m, and Cash EBITDA of SEK1.5m was the best quarterly result in Litium's history, helped by lower than expected OPEX. We expect to make minor adjustments to our estimates and Fair Value.
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