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Redeye provides an update following the Q3 2024 report. Sales increased by 1.5% y/y to EUR5.2m, with a EBITDA margin of 19%. PrivX grew by 15.6% pushing Subscription growth by 2%. We argue that SSH should be seen as a stable company within the cybersecurity sector with a robust subscription revenue model that is growing profitable but the headwind is still present due to delayed customer orders.
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