Redeye initiates coverage of Litium, a Nordic mid-market-focused SaaS platform for digital commerce. After nearly a decade of robust organic ARR growth at a 29% CAGR, performance slowed in recent years owing to weak e-commerce demand, a strategic pricing shift and a trimmed cost base. But with new leadership, record new customer intake and a strategy for reigniting growth, Litium is entering a new phase. We believe the market underestimates its potential.
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