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GiG Q3 2023: Slightly soft results, positive outlook reiterated - Redeye

Redeye comments on GiG’s Q3-results where revenue came in slightly weaker than expected while profitability was also lower than forecasted. However, the company reiterates its guidance for 2023 suggesting a strong outlook for Q4. Furthermore, the announced acquisition of KaFe Rocks creates upside to our 2024-25 estimates.

Redeye comments on GiG’s Q3-results where revenue came in slightly weaker than expected while profitability was also lower than forecasted. However, the company reiterates its guidance for 2023 suggesting a strong outlook for Q4. Furthermore, the announced acquisition of KaFe Rocks creates upside to our 2024-25 estimates.
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