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Safeture Q4 2023: ARR in line, stronger sales than expected - Redeye

Redeye comments on Safeture's Q4 2023 report, which was considerably stronger than our estimate on the sales side but in line with the ARR estimate. A larger share of non-recurring sales supported stronger sales growth in the quarter. Still, Safeture is executing in accordance with its mid-term financial targets and we are set to increase our fair value range following Safeture's Q4 2023 report.

Redeye comments on Safeture's Q4 2023 report, which was considerably stronger than our estimate on the sales side but in line with the ARR estimate. A larger share of non-recurring sales supported stronger sales growth in the quarter. Still, Safeture is executing in accordance with its mid-term financial targets and we are set to increase our fair value range following Safeture's Q4 2023 report.
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