Redeye comments on Litium’s Q2 2026 report, which came in above our expectations on nearly every metric. ARR reached SEK100.1m, up 18.6% y/y and a 0.3% beat versus our estimate, taking the company through the SEK100m mark for the first time. Net sales grew organically by more than 20%, while subscription revenue, variable revenue and gross profit all beat our estimates, and underlying OPEX came in below plan. With operational momentum and a share price that has come down, we see an attractive risk reward following a strong Q2.
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