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Hoylu: ARR Growth with Lower Costs - Redeye

Redeye raises its Base Case following Hoylu’s Q2’22 report. Overall, the report was somewhat above our expectations, with a higher-than-expected total ARR, and lower-than-expected costs, which saw solid sequential improvement versus Q1. As such, we make slight 2022E and 2023E forecast adjustments.

Redeye raises its Base Case following Hoylu’s Q2’22 report. Overall, the report was somewhat above our expectations, with a higher-than-expected total ARR, and lower-than-expected costs, which saw solid sequential improvement versus Q1. As such, we make slight 2022E and 2023E forecast adjustments.
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