Crunchfish: Blippit on track for Q4 launch (Västra Hamnen)
Västra Hamnen Corporate Finance has released a research update on Crunchfish AB following its report for Q2 2019. The company shows progression in line with our economic scenario, which confirms our estimated fair value interval for the share.
- App terminal getting ready for production
- Gesture Control becoming more powerful and user friendly
- We maintain our fair value per share estimates of SEK 32.60 – 51.80
In its report for Q2 2019, Crunchfish confirms that their business expansion is progressing according to plan. The report contains few surprises and the company’s performance is in line with what we expected for Q2. The company repeats that the market launch of Blippit is due in Q4, which is planned to be followed by a Swedish and an international expansion of the product. Gesture Control has also progressed well during Q2, including the launch of the XR Tracking 2.0 in June. Crunchfish says that the software is the most powerful, and at the same time the most user friendly, to this date.
The full report is available here.
The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.