%3Aformat(webp)&w=3840&q=75)
Crunchfish: Awaiting commercial break-through
Research update Q3 2024
|2024-12-04
- The rights issue added a gross of MSEK 26
- IDFC First Bank deal anticipated to bring in new users
- We have adjusted our fair to SEK 7.42 (12.70) per share
After evaluating different funding options, Crunchfish conducted a preferential rights issue in November 2024 raising a gross of MSEK 26. With short-term funding secured, the company can focus on its eight potential revenue streams highlighted in the Q3 report. These include the agreement with IDFC First Bank in India, discussions with the National Payments Corporation of India, and digital wallet providers. The company has also decided to close its Gesture Interaction business after efforts to divest it. Given the future revenue prospects, forecasting lower costs, accounting for the financial risk, and adjusting for dilution, our model suggests a fair value of SEK 7.42 per share.
Read our latest research update below.
%3Aformat(webp)&w=3840&q=75)
Martin Dominique
Chief Analyst
%3Aformat(webp)&w=3840&q=75)
Tobias Karlsson
Analyst