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Crunchfish: Blippit delay adds uncertainty (Västra Hamnen)

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Västra Hamnen Corporate Finance has released a research update on Crunchfish AB following its report for Q3 2019. The revision of the timetable for Blippit makes us worry that revenues could be significantly delayed, which makes us lower our fair value interval for the share, writes Västra Hamnen.

  • Uncertainty over Blippit rollout makes us cut fair value interval
  • Exciting opportunity in mobile payments in India
  • Progress in Gesture and a third business area in Services

The report for Q3 showed that Crunchfish is making progress in several aspects of its business, but there is no way around one troublesome fact: The Blippit affair in Sweden is running behind schedule and we are starting to question whether its competitive position will be as strong as we have previously believed.

The full report is available here.

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se

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