Revenues stood at SAR413mn, up 60.8% yoy (+4.8% qoq). However, it was lower than our estimates of SAR442mn.
Gross profit came in at SAR113mn, up 110% yoy (+9.6% qoq) vs gross profits of SAR54mn and SAR103mn in Q2 21 and Q1 22.
The accumulated losses at the end of Q2 22 stood at SAR115mn representing 14.0% of the share capital.
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