Redeye comments on SSH’s Q3 2026 report, which showed net sales of EUR5.7m (EUR5.5m), up 5.3% y/y and 1.1% above our EUR5.6m estimate, with subscription ARR growing 23.6% y/y to EUR15.7m. PrivX subscription ARR growth accelerated further to a staggering 33.9% y/y, in our view the single most important data point in the report. EBITDA of EUR0.3m (EUR0.8m) came in well ahead of our estimate of roughly breakeven. Overall, the report was better than we expected.
LÄS MER
