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Netmore Group: Marching on - Redeye

Redeye updates its estimates following Netmore’s Q3 report, where sales managed to beat our forecast, which seems to be largely driven by the roll-out of the Yorkshire water contract. Also, the number of installed sensors by the end of the quarter reached 259,000, showing 310% y/y growth, which lays the groundwork for Netmore’s future high-margin recurring revenue base.

Redeye updates its estimates following Netmore’s Q3 report, where sales managed to beat our forecast, which seems to be largely driven by the roll-out of the Yorkshire water contract. Also, the number of installed sensors by the end of the quarter reached 259,000, showing 310% y/y growth, which lays the groundwork for Netmore’s future high-margin recurring revenue base.
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