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Redeye thinks Sivers delivered a good report, beating Redeye's estimates on topline by 7% and also better on profitability. The company reiterates its targets of growing topline more than 100% in 2023, and to reach positive EBITDA in the second half of the year. Without giving any specifics, the company also states that it aims for positive operating cash flow as soon as possible. All in all, a good report in all aspects. As a result, Redeye will likely only make smaller changes top our estimates and valuation range.
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