Bricknode: Focusing on the Product Vision - Analyst Group
Thursday, November 24, 2022 3:55 PM
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.