Bricknode is a leading supplier of SaaS solutions that enable financial companies and startups to design and launch their own digital investment, lending and savings product, or transform existing operations. The Company announced in August 2022 a savings plan to accelerate the path to profitability by implementing a plan to reduce fixed and variable costs by approximately 40%. Bricknode has already decreased the EBITDA loss Q-Q by approximately 34 % to -4.5 MSEK (6.9). Bricknode are estimated to reach a revenue of 26 MSEK in 2023, and based on an applied P/S target multiple of 5.4x, a potential fair value of 12.8 SEK (13.8) per share is justified in our Base scenario.
About Analyst Group: One of Sweden's fastest growing equity research boutiques with a focus on small and medium-sized listed companies.
Read more about Analyst Group (Swedish)
This is a press release from Analyst Group regarding the publication of an analysis on Bricknode Holding AB. Readers may assume that Analyst Group has received compensation for making the analysis. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation or anything else that could be considered a subjective assessment.