BICO (Q2 review): A directionally positive report - Redeye

BICO's Q2 marked a second consecutive quarter of positive organic growth, alongside a return to EBITDA profitability as cost savings began to materialise. The market welcomed the report, with the stock closing up 13%, currently trading at ~0.7x 2026e EV/Sales it currently screens as "cheap" at a discount to Redeye's fair value.

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