Tempest Security AbOMXSTO: TSEC

TSEC: Losses in Denmark and the US led to negative Q3 results; US business is being divested

· Issued by Tempest Security AB

Q3 2024 saw a 6% sales decline and negative earnings, driven by losses in Denmark and the US, plus high start-up costs in Sweden. The US business is being divested, and management expects a return to profitability in 2025.

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