Västra Hamnen Corp. Finance

Crunchfish: Patent filings broaden the scope

  • New opportunities within mobile payments and application security
  • Net sales included a payment from OPPO of MSEK 1.5
  • We maintain our fair value at SEK 12.70 per share

In the first quarter of 2024, Crunchfish introduced new opportunities after the filing of several new patents. In the webcast following the release of the Q1 report, CEO Joachim Samuelsson explained how the company could take advantage of its secure and scalable technology within mobile payments and application security.

Financially, Crunchfish reported net sales of MSEK 1.7, mainly explained by a final payment from OPPO of MSEK 1.5 regarding the Gesture business. We had estimated net sales of MSEK 0.35, mostly consisting of revenue from the project with IDFC First Bank in India.

We maintain our fair value of SEK 12.70 per share.

The full report is available here.

Datum 2024-05-22, kl 09:50
Källa MFN
Alla Aktier tipsar: Nu får du 200 kr gratis när du skapar konto på Nordnet, insatt i fonden Nordnet One Balanserad. Bra tillfälle för dig som inte kommit igång med investeringar än, eller bara testat t.ex. Avanza.
Investeringar i värdepapper och fonder innebär alltid en risk och det är inte säkert att du får tillbaka det investerade kapitalet