Västra Hamnen: Crunchfish - Business model firming up
Västra Hamnen Corporate Finance has released a research update on Crunchfish following the company's report for Q1 2021. The company expands its geographic scope in CBDC to comprise the global market, a move we will follow with deep interest, writes Västra Hamnen.· Net result in Q1 in line with expectations · Global push to engage with central banks on CBDC · We maintain our fair value estimate of SEK 49.80 – 79.50 per share The first quarter report from Crunchfish contained no big surprises. Revenues were slightly lower than our estimates but the net loss for the period was