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TH1NG: A pivotal 2024 ahead - Redeye

Redeye revises our forecast following TH1NG’s Q4 2023 report. We find the robust approximately 40% year-on-year and quarter-on-quarter growth is encouraging, and TH1NG reaffirms its financial target to achieve positive cash flow by the end of 2024. Our base case remains intact at SEK4.0, while our new fair value range is SEK0.5-SEK9.8.

Redeye revises our forecast following TH1NG’s Q4 2023 report. We find the robust approximately 40% year-on-year and quarter-on-quarter growth is encouraging, and TH1NG reaffirms its financial target to achieve positive cash flow by the end of 2024. Our base case remains intact at SEK4.0, while our new fair value range is SEK0.5-SEK9.8.
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