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Onsdag 28 Oktober | 18:10:30 Europe / Stockholm

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Redeye

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Physitrack - Short-term challenges

Prenumeration

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Physitrack - Short-term challenges

2024-08-14 08:40:00

Redeye provides updated estimates and valuation following Physitrack’s Q2 report. As anticipated, the quarter was softer, reflecting the impact of the strategic shift away from one-time upfront revenue, which dampened growth. Additionally, the cost base remains front-loaded in preparation for Champion Health’s upcoming market expansion. However, the launch is expected to drive growth in the year's second half. Our new fair value range is SEK9-72 (SEK9-75) with a Base case of SEK30 (35).

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/