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The stock has gained roughly 25% since the company released an impressive earnings report on August 6. Its revenues increased 135% year-over-year to $84.70 million for the second quarter.
Its net income came in at $17.20 million, up 475% or $14.20 million from the same period last year. However, 62.7%, or $8.90 million, of its total net income growth can be attributed to a tax recovery under Italy’s COVID-19 tax relief ruling.
