SSH Communications Security Q1 2025: Overall soft quarter, but we remain positive for the full year - Redeye

Redeye comments on SHH´s Q1 2025. SSH posted a growth of 8% Y/Y slightly lower than our estimate. The EBITDA margin of 4% came in below our estimate due to higher cost mainly due to the US expansion . Subscription ARR grew 11.4% with PrivX subscription sales growing by 18.7%.

Länk till analysen i sin helhet: https://www.redeye.se/research/1092877/ssh-communications-security-q1-2025-overall-soft-quarter-but-we-remain-positive-for-the-full-year?utm_source=finwire&utm_medium=RSS