15:17:22 Europe / Stockholm
2022-03-31 14:00:00

Västra Hamnen Corporate Finance has published an updated equity analysis on Crunchfish titled "Business model crystalizing". The model has been reworked to include Digital Cash online as well as Gesture Interaction for the Automotive industry. The share price interval of 41.60 SEK - 66.20 SEK is unchanged.

[image]

As a service to the company's shareholders and with the purpose to increase transparency, Crunchfish has commissioned Västra Hamnen to conduct analysis of the company. The analysis includes an independent review of the company, markets, products, and competitors as well as a financial scenario that serves as a basis for a discounted cash flow estimation of a market cap of the company.

In the analysis, Västra Hamnen writes: "Crunchfish has taken huge strides in its development of an architecture for digital payments. Its solutions answer many of the challenges that the future of payments is faced with, such as convenience, speed, security, robustness, interoperability and anonymity. We see a distinct possibility that Crunchfish's solutions could be adopted on a broad scale across the payment industry around the world."

In the analysis, an unchanged share price interval according to the DCF model of 41.60 SEK - 66.20 SEK per share is stated. The analysis (https://www.vhcorp.se/tjanster/marknadsfokus/crunchfish/crunchfish-business-model-crystalizing) is attached and available on Västra Hamnen's and Crunchfish's websites.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46708 46 47 88

joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on 31 March 2022 at 14:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se.Telephone +46 40 200250.

About Crunchfish -crunchfish.com (https://www.crunchfish.com/)

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.