Revenue increased by 4.5% yoy (+11.2% qoq) to SAR1.18bn and came in-line with our estimates of SAR1.16bn
Gross margins contracted by 56bps yoy to 32.6% and came lower than our estimates of 33.5%
Operating expenses in absolute terms increased by 8.5% yoy to SAR311mn vs our estimate of SAR296mn
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