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Redeye provides an update following Netmore’s Q2 2023 report, highlighting the company’s record-breaking sensor growth, geographical expansion and a solid 84% sales growth driven by infrastructure rollout in the UK. Considering these developments, it is apparent that Netmore is well-positioned to capitalize on extensive projects within the expanding Internet of Things (IoT) universe. While minor adjustments to our forecast have been made, we are maintaining our fair value range and base case.
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