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TH1NG Q2 2023: Solid growth and margin expansion - Redeye

Redeye states that TH1NG’s quarterly figures were solid, exceeding our projections on growth and profitability. This was driven by the commencement of IoT service deliveries to the Jönköping region, along with a 90% recurring revenue share. As a result of the report, we anticipate slight upward revisions to our forecast.

Redeye states that TH1NG’s quarterly figures were solid, exceeding our projections on growth and profitability. This was driven by the commencement of IoT service deliveries to the Jönköping region, along with a 90% recurring revenue share. As a result of the report, we anticipate slight upward revisions to our forecast.
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