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Onsdag 28 Oktober | 19:01:54 Europe / Stockholm

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Zordix - Lowered near term expectations

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Zordix - Lowered near term expectations

2022-12-09 08:18:00

Redeye updates estimates and valuation after Zordix Q3-results which came in below our expectations. While the long-term outlook remains positive with a growing game pipeline, we have lowered our short-term expectations and reduced our estimates. Our new base case stands at SEK32 (SEK46) which is also negatively impacted by increased assumtions for the risk-free rate.

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This is a press release from Redeye - Research Powered Investment Banking.