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TH1NG Q1 2024: Stronger than expected - Redeye

Redeye concludes that the figures in the report exceeded our expectations. Net sales saw a solid 56% year-on-year growth and a 15-percentage-point improvement in gross margin q/q, resulting in EBITDA exceeding our estimate by approximately 30%. We anticipate making moderate adjustments to our financial forecasts.

Redeye concludes that the figures in the report exceeded our expectations. Net sales saw a solid 56% year-on-year growth and a 15-percentage-point improvement in gross margin q/q, resulting in EBITDA exceeding our estimate by approximately 30%. We anticipate making moderate adjustments to our financial forecasts.
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