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THING Q3 2024: Strong gross margin and change of CEO - Redeye

Redeye shares its initial take on TH1NG’s Q3 report, in which revenues were in line with our modest estimates, while the 82% gross margin significantly exceeded projections. Additionally, a sudden CEO change was announced last night, with outgoing board chairman Tomas Karlsson stepping in as interim CEO until a permanent replacement is appointed.

Redeye shares its initial take on TH1NG’s Q3 report, in which revenues were in line with our modest estimates, while the 82% gross margin significantly exceeded projections. Additionally, a sudden CEO change was announced last night, with outgoing board chairman Tomas Karlsson stepping in as interim CEO until a permanent replacement is appointed.
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