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Speqta Q2 2023: Strong Momentum in BrightBid – Bidbrain ARR Below Expectations - Redeye

Redeye sees a strong development in BrightBid, where the solid momentum in CARR growth continues. However, Bidbrain had a rather soft quarter, where the net customer intake was lower compared to Q1. Overall, we believe the strong momentum in BrightBid is the most important metric. We will get back with a revised Base Case and forecasts as soon as we better understand the cost structure of BrightBid.

Redeye sees a strong development in BrightBid, where the solid momentum in CARR growth continues. However, Bidbrain had a rather soft quarter, where the net customer intake was lower compared to Q1. Overall, we believe the strong momentum in BrightBid is the most important metric. We will get back with a revised Base Case and forecasts as soon as we better understand the cost structure of BrightBid.
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