Redeye thinks the Q2 report was strong in all aspects. In the earnings call, Redeye was impressed by new CEO, Ted Hansson, who will likely launch a new go-to-market strategy within a few months. Going for fewer but much larger customers through close and strong relationships with key decision makers will be a cornerstone in this - while maintaining a strict cost control. Following the report, the Redeye Rating has been re-evaluated and lowered - leading to a higher WACC and thus a reduced fair value range.
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