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Vertiseit Q1 2023: Solid ARR Growth, Higher OPEX - Redeye

Redeye will likely leave its Base Case and forecasts roughly unchanged following Vertiseit’s Q1 report. The ARR continued to grow at a solid pace, matching our forecast. While gross profit beat our estimate slightly, higher OPEX resulted in a somewhat softer EBIT.

Redeye will likely leave its Base Case and forecasts roughly unchanged following Vertiseit’s Q1 report. The ARR continued to grow at a solid pace, matching our forecast. While gross profit beat our estimate slightly, higher OPEX resulted in a somewhat softer EBIT.
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