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Bioextrax: High interest and steady progress
Research update Q3 2024
|2024-12-06
- High interest amid progression of the projects
- The rights issue in Q4 added MSEK 14.1
- We keep our fair value of SEK 7.60 per share
Since last summer, Bioextrax has received numerous inquiries from research institutes and from both small and large companies. At the same time, the company reports progress in its leading projects. For example, two offers for feasibility studies have been sent to customers in the collaboration with Chematur Engineering. Bioextrax is also waiting for a decision from Konkan Specialty Polyproducts to move on to the next phase of the agreement, which includes higher revenues. In the project with the candy producer, prototypes of chewing gum have been developed for evaluation. In addition, Bioextrax carried out a rights issue in Q4 of SEK 14.1 million, which extends the financial runway to 2026.
Read our research update below.
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Martin Ekendahl
Analyst
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Martin Dominique
Chief Analyst