• New opportunities within mobile payments and application security
  • Net sales included a payment from OPPO of MSEK 1.5
  • We maintain our fair value at SEK 12.70 per share

In the first quarter of 2024, Crunchfish introduced new opportunities after the filing of several new patents. In the webcast following the release of the Q1 report, CEO Joachim Samuelsson explained how the company could take advantage of its secure and scalable technology within mobile payments and application security.

Financially, Crunchfish reported net sales of MSEK 1.7, mainly explained by a final payment from OPPO of MSEK 1.5 regarding the Gesture business. We had estimated net sales of MSEK 0.35, mostly consisting of revenue from the project with IDFC First Bank in India.

We maintain our fair value of SEK 12.70 per share.

The full report is available here.

About Market Focus

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. 
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